2511 Lantana Ln, Palmetto, FL 34221
2 beds · 2 baths · 1,483 sqft
Discover the charm of this single-family home in the exclusive gated community of Terra Ceia Bay Golf Club. This beautiful residence offers 2 bedrooms, 2 bathrooms, and a 1-car garage. Upgrades include roof 2021, interior and exterior paint, no carpet, and water heater in 2016; hurricane shutters and seamless gutters added in 2017; and A/C and garage door opener replaced in 2020. Step into the inviting Florida room and enjoy breathtaking views of the golf course. With maintenance that includes landscaping and lawn care, you can spend more time enjoying the wonderful amenities this community has to offer. Community amenities include an 18-hole, par 62 golf course, driving range, Har-Tru tennis courts, pool and fitness center, a 500 ft fishing pier, Unforgettable sunsets with a breathtaking view of the Gulf, a scenic water edge nature preserve walk, and a club house and restaurant. This home is perfect for retirees, first-time buyers, or as an investment property. Embrace the opportunity to live in a community that offers both tranquility and an active lifestyle. Make this charming home yours and enjoy all the benefits of living in Terra Ceia Bay Golf Club.
Source: STELLAR #a4611455
Source: STELLAR #a4611455
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
MLS ID: #a4611455
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.