31730 Spoonflower Cir, Wesley Chapel, FL 33545
4 beds · 3 baths · 2,350 sqft
Discover Florida living at its best! This beautifully updated 4-bedroom, 2.5-bathroom home is located in the sought-after Bridgeview at Watergrass - a gated community. Step inside to an inviting open floor plan with elegant European wood laminate flooring throughout the main living areas and tile in the kitchen and laundry room. The gourmet kitchen is a chef’s dream, featuring Corian countertops, double built-in ovens, a stylish backsplash, recessed lighting, a spacious pantry, and a convenient breakfast bar—perfect for family gatherings or entertaining! The spacious family room flows seamlessly to a screened covered lanai, ideal for outdoor relaxation. The fenced backyard offers privacy with no rear neighbors and plenty of space for gatherings, pets, or play. Upstairs, the luxurious master suite boasts a large walk-in closet with an organizational system, plus an en-suite bathroom with dual sinks, a garden tub, and a separate shower. The three additional bedrooms provide ample space for family, guests, or a home office. Nestled in the highly desirable Watergrass community in beautiful Wesley Chapel, residents enjoy resort-style amenities, including a clubhouse, tennis & basketball courts, a splash park, 3 pools - Jr. Olympic, lap pool & resort-style lounge pool, a state of-the-art fitness center, parks, walking trails, large & small dog parks, and 250-acres of open space, woods and wetlands. With easy access to I-75, top-rated schools, Wiregrass Mall, Tampa Premium Outlets, and vibrant dining options, this home offers the perfect blend of convenience, luxury, and comfort. Publix, Florida Medical Clinic, Starbucks, Chic-fil-A, fire station, nail salon, car wash & Circle-K are all less than 1 mile away! Key Features include: NEW ROOF (Sept 2024) with 50-year transferrable warranty, NEW water heater (2024), Master bathroom remodeled 2022, Gated community with top-tier amenities including 3 pools, Open floor plan with stylish updates, Gourmet kitchen with premium finishes, Large master suite with walk-in closet & spa-like bath, Screened lanai & private fenced yard, Close to high-rated schools, shopping, dining & entertainment. Assume this home at 5.12% and save thousands annually. Don’t miss this opportunity to discover Florida living at its best—schedule your private showing today!
Source: STELLAR #TB8361961
Financials
Source: Public records
Source: STELLAR #TB8361961
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.