33080 SHADOW BRANCH LN, Wesley Chapel, FL 33545
Welcome to 33080 Shadow Branch Lane, an inviting oasis located in the desirable area of Watergrass in Wesley Chapel, FL. This spacious home features 4 bedrooms and 2 full baths, providing ample space for families or those who enjoy extra room. Covering an area of 1844 square feet, this property offers a comfortable living experience. A lovely garden greets you as you turn into the driveway and as you enter the home, you'll find a breathtaking entryway that sets the tone for the rest of the house. The Great room is a spacious area perfect for relaxation and entertainment. The kitchen is a highlight of this home, boasting stainless steel appliances, wood cabinets and solid surface countertops. There is plenty of space in the dining area to accommodate a large dining table. This listing also includes 5 wall-mounted TVs, 4 indoors and 1 out on the lanai. The lanai is a standout feature with a screened enclosure and an outdoor kitchen, perfect for those who love to cook, entertain and dine alfresco. This area extends the living space and provides a great spot for gatherings and weekend barbecues. The backyard is fully fenced, offering privacy and a safe place for pets to play. The master bathroom has been thoughtfully upgraded to include dual showerheads, a rainfall shower, and marble tiling, providing a touch of luxury. The master bedroom also features a generous walk-in closet with custom built-in shelving. This home features a Wi-Fi enabled thermostat. There are also security cameras, and a Ring doorbell mounted for a sense of security. Located on a corner lot, this home enjoys added privacy and space. Wesley Chapel is known for its family-friendly neighborhoods, with plenty of shopping, dining, and recreational options nearby. The area offers easy access to major roads and highways, making commuting straightforward. A park sits right across the street from the home and features a basketball court. Additional community amenities include a clubhouse, a tennis and pickleball court, a basketball court, a fitness center and a lap pool.
You may be able to put down less than the total down payment amount of $210,468 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #t3546714