31420 Saddle Ln
Wesley Chapel, FL 33543
3 beds · 2 baths · 1,276 sqft
$452,210
Get prequalifiedAbout this home
Under contract-accepting backup offers. 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
Neighborhood
FAQs
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.
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.
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.
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.
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 “Save search” 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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.