31420 Saddle Ln, Wesley Chapel, FL 33543
3 beds · 2 baths · 1,276 sqft sqft
One or more photo(s) has been virtually staged. Beautifully updated and move-in ready, this home offers the best of country living with city conveniences. Situated on 1 acre in the sought-after Fox Ridge neighborhood, it features no HOA or CDD fees and plenty of space for your needs. This acreage gem has no deed restrictions and is zoned AR (Agricultural Residential), allowing for three grazing animals an acre, making it an ideal home for horses. The property includes lime and citrus trees, adding a delightful touch to the expansive fenced backyard, which is perfect for gardening or storing your RV and outdoor equipment. Additionally, the property boasts two sheds, providing ample storage space or the opportunity to create a workshop, home office, or even a cozy she-shed or man-cave retreat. The possibilities are endless! Say goodbye to HOA restrictions and dues! Conveniently located near the mall, Tampa's Premier Outlets, a variety of restaurants, Seminole Hard Rock Hotel & Casino, and Gulf Coast beaches. Recent improvements include a completely renovated home with brand-new features. Text today to schedule your appointment. Buyer’s agent to verify all room measurements.
Source: STELLAR #t3541877
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #t3541877
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: #t3541877
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.