34024 White Fountain Ct, Wesley Chapel, FL 33545
3 beds · 3 baths · 1,708 sqft
Exceptional Living starts HERE in Ashcroft at Watergrass! Welcome to Meritage homes Mangrove floorplan ON CONSERVATION WITH PARK VIEW! No one in front or behind you - step into your first floor open great room with half bath, wide-plank ceramic woodgrain tile flooring, and kitchen with quartz countertops & stainless steel appliances. Storage is abundant throughout this home with a first floor "Harry Potter" closet and multiple linen closets. The view from both the living room and the primary suite is of the wide open, uninterrupted space you'd desire! Venture upstairs to the split bedrooms with the primary suite to the right with stunning views, ensuite bath, walk in shower, and walk-in closet. To the left of the staircase are bedrooms 2 and 3. Bedroom 3 also has a large walk-in closet. This home is move in ready for you! Across the street is the park with playground and open field space, and half court basketball. Close by are the Watergrass amenity centers including Promenade Park with pool, playground, pavilion, splash pad and dog park- or continue down Overpass Rd to The Watergrass Club with 2 pools (Resort and 6 lane Jr-Olympic lap pool, half court basketball, 2 tennis courts, fitness center and meeting space. Everything you need is close by- Publix shopping center, Chick Fil-A, CircleK, veterinary office, dental office, nail salon, and more coming! Florida Medical Clinic is next door and Watergrass Elementary sits on site as well as a daycare center. This community has so much to offer while being close to I-75 and all major downtown attractions, 35min to USF, and just under an hour to all the Gulf beaches. Come visit us today to see what exceptional living can be!
Source: STELLAR #TB8363029
Financials
Source: Public records
Source: STELLAR #TB8363029
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.