3932 Casaba Loop, Valrico, FL 33596
3 beds · 2 baths · 1,938 sqft
ARV $500K minimum. According to analysts, there will be a 4% increase in home prices by 2025... and with dropping interest rates, I'd schedule a showing today of this promising property before you tell yourselves, "Shoulda', coulda', woulda'..." The average rate on a 30- and 15-year mortgage is around 6.0% - 6.7%! Maybe you ought to call your lender now because as interest rates drop, the demand for housing will increase... so don't miss out, make the call, and schedule your showing today of this great investment. About the property: •NON-FLOOD ZONE X. NO HOA. NO CDD. HOA membership is strictly OPTIONAL, the future homeowner does NOT need to join the HOA and does NOT need to pay those fees. •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. Properties like this are a dream for many so don't delay and schedule that showing today.
Source: STELLAR #t3532964
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #t3532964
Source: Public records
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: #t3532964
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.