2855 Maiden Grass Isle, Wesley Chapel, FL 33543
4 beds · 3 baths · 2,260 sqft
THIS HOME HAS AN EXISTING ASSUMABLE FHA MORTAGE AT 2.99% WITH AN APPROXIMATE PRINCIPAL BALANCE OF $297,900. IT IS A QUALIFYING ASSUMABLE FOR OWNER OCCUPIUED BUYERS ONLY. A 2ND PURCHASE MONEY MORTGAGE MAY BE AVAILABLE FOR A COMBINED LOAN OF 90% OF THE PURCHASE PRICE. HAVE YOUR REALTOR PROVIDE YOU WITH THE LINK THAT IS IN THE REALTOR ONLY REMARKS FOR MORE INFO. 2021 built, D.R. HORTON'S Elston Model. 2 story, all block construction, 4 bedrooms, 2.5 bathrooms and a 2 car garage. 2,260 sq. ft. of living area. This is a great room floor plan with all tile floors on the first level. The 2nd floor features a loft area and 4 bedrooms, 2 baths and the utility room. The washer and dryer are included. Newer homes feature all the most current construction and energy features which translates to lower and more affordable home owner's insurance and utility costs. The owner has added a Culligan water conditioner, epoxied the garage floor and added additional overhead garage storage and added custom closet features in the primary walk-in closet. The community, Ashberry Village at Summerstone features a community pool and playground. Terrific Wesley Chapel location just off SR 56. Easy access to the Wiregrass Mall and the Tampa Premium Outlets. Easy commute to Tampa and Tampa International Airport.
Source: STELLAR #t3510632
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #t3510632
Source: Public records
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: #t3510632
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.