3503 Williston Loop, Land O Lakes, FL 34639
4 beds · 3 baths · 2,451 sqft
**The seller's loan is assumable (VA)** Welcome to Collier Place, a peaceful gated community with just sixty-six homes in a single loop. It is a quiet neighborhood with hardly any traffic for any homeowner's desired privacy and security. This charming home with a brand-new roof offers 4 or 5 bedrooms and 3 bathrooms across 2, 451 sq. ft., including a pool-accessible third bathroom. PLUS: renovated master bathroom and main guest bathroom with plenty of cabinets. The upstairs bonus room has two closets for additional storage space area offering the potential to convert it into a 4th bathroom. This versatile 5th room can also be used as a bedroom, office, game, or media room. The kitchen boasts 42 cabinets, new appliances, and a whole-house water softener. The location is just blocks from public and private schools, a public library, a recreation center, and churches. Collier Place is only a short drive from malls, restaurants, home improvement, and grocery stores for your convenience. The home offers a seamless indoor-outdoor living experience, with access to the pool from three large sliding doors in the family room, master bedroom, and living room. Enjoy the flexibility and privacy of a split floor plan, with the master bedroom separated from the other three bedrooms downstairs. Relax by the pool with its calming waterfall cascade and unwind on the spacious patio as you are having your morning coffee, perfect for family gatherings and swimming get-togethers with friends. The outdoor area includes a gazebo where one can sit down while enjoying the sights of tropical fruit trees, and flowering plants, enhancing the delightful and natural atmosphere. Enjoy privacy with the PVC fence around the property and a creek behind the home. Your serene oasis awaits! Make this property your home so call your agent today to schedule your appointment.
Source: STELLAR #t3488899
Source: STELLAR #t3488899
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: #t3488899
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.