3300 Morven Dr, Spring Hill, FL 34609
2 beds · 2 baths · 1,858 sqft
Step into this charming home nestled amongst beautiful oak trees with a large backyard and 1,858 Living square feet to roam in. A flex area off the living room plus a 30 x 11 screened in Florida room! The 2 bedrooms are spacious and well laid out in a split bedroom plan. The primary suite has a generous walk-in closet, and the primary bathroom has dual sinks, make-up counter, shower and lovely natural light! The great room concept is highlighted by a vaulted ceiling and skylights. There is a formal dining room just off the kitchen and another kitchen nook on the other side of the kitchen. Wood cabinets in the kitchen with plenty of counter space and a pass-through area to the great room. The back yard is partially fenced and is large, has a fire pit and a paved open patio for grilling. Additional features: roof only 7 years old, storage shelves in the attic, Air-conditioned Florida room, newer windows, vinyl plank flooring, fresh paint inside, reverse osmosis water filter for kitchen sink, surround sound in living room, Termite bonded until July 2025, water softener, low flow toilets, rainbird sprinkler system, hot water heater timer, large indoor laundry room with utility sink, extra-large work bench in garage! A perfect starter home or vacation rental. Bring your tire swing or hammock and enjoy this peaceful home!
Source: STELLAR #tb8307501
Source: STELLAR #tb8307501
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: #tb8307501
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.