3932 CASABA LOOP, Valrico, FL 33596
***OR BETTER OFFER*** Hear Ye! Hear Ye! Unlock potential and increase Your ARV by transforming this home into a lucrative investment either as a buy and hold or rental! A hidden gem tucked away in a neighborhood that offers the rare advantage of an OPTIONAL HOA membership, meaning that the future homeowner does NOT need to join the HOA, it is voluntary thus NO HOA FEES. This remarkable find is nestled within the vibrant town of Valrico, minutes from shopping centers and public transportation. The home is fully equipped with some amazing features: •3 full sized bedrooms and a Sewing Room that could easily be converted into an oversized bedroom or In-Law Suite/Studio as it includes a private entry. •Formal Dining Room, Living Room, and a versatile Den that can effortlessly serve as an inviting office space. •PACE Solar Panels maximizes efficiency and minimizes your utility bills. The remaining balance will be paid off at closing! So no worries there! •The fully enclosed in-ground pool adds an element of relaxation and recreation to your daily life. •The spacious Kitchen includes refrigerator, electric glass-top stove with oven, microwave, and dishwasher. •Wall-to-wall Closet Pantry allows you to keep your culinary essentials organized and easily accessible. •The 2-car attached Garage is equipped with an automatic door opener, attic ladder, washer, dryer, and electric water heater . •Shingle roof installed in 2014 offers reassurance that you have many years of worry-free living ahead. This home is more than meets the eye and its true potential is best appreciated in person, so schedule your showing today before you tell yourselves, "shoulda', coulda', woulda'..." as Florida home values continue on an upswing.
You may be able to put down less than the total down payment amount of $188,999 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: #t3532964