39744 Amber Ave, Zephyrhills, FL 33540
3 beds · 3 baths · 1,500 sqft
RECENTLY BUILT STILT HOME ON NEARLY 1/2 ACRE OF LAND WITH HUGE PARKING/WORKSHOP POTENTIAL!! Live in the country while being down the street from the suburbs!! Welcome to this one-of-a-kind custom home. Imagine opening your French Doors from the LIVING ROOM and/or PRIMARY BEDROOM and sitting on your treetop porch while enjoying coffee to your own conservation view for UNDER $375k!! This newer home walks into an open living room with upgraded laminate flooring, a beautiful ceiling fan, and surrounded by double-pane, low-E windows that are hurricane proof plus help with your electric bill!! The kitchen has all granite countertops, ample cabinet space, and stainless-steel appliances with an oversized pantry. The primary bedroom can accommodate a king-sized bed (see French door view). The primary bedroom also has a HUGE WALK-IN CLOSET as well as an ensuite bathroom with granite countertops and tiled shower. Two additional bedrooms are on the back side of the home and have their own upgraded bathroom. Outside, entertaining will be a pleasure, with plenty of room to still park your toys, on the 1500 sq ft lighted, ground level carport/patio, fire pit lounge, and complete with a FULL BATH AND LAUNDRY ROOM. Home WAS NOT affected by the last hurricane and is not in a flood zone. Call for a private showing today of this totally unique home! As stilt houses are off the ground, cool air can circulate beneath the house, which can help in keeping the house cooler overall. The home is located within 15 minutes of the UPSCALE SUBURBS of Wesley Chapel and within 20 minutes of downtown Lakeland. The home is also within 45 minutes of downtown Tampa as well as around an hour from 2 of the top 10 beaches in the country (Clearwater and St. Petersburg).
Source: STELLAR #TB8332953
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #TB8332953
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “Save search” 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 620, 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.
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