4521 REISSWOOD LOOP, Palmetto, FL 34221
Here is your chance to own your own piece of paradise. Welcome to this stunning two-story home featuring 4 bedrooms, 2.5 baths, and boasting a spacious 2152 square feet in the beautiful Willow Walk community. This Maronda built Lexington model is beautiful from the minute you enter the hose. From the moment you step inside, you'll be greeted by a beautifully designed space that exudes both elegance and functionality. The main focal point of the kitchen is the exquisite QUARTZ countertops that span throughout the room, offering ample space for meal preparation and entertaining. The sleek and modern design of the countertops adds a touch of sophistication to the heart of the home. The open concept design creates a seamless flow between the living room, dining area, and kitchen, making it ideal for entertaining guests and hosting family gatherings. The master suite is a true sanctuary located on the main floor and features a beautiful bathroom and a large walk in closet. With all the other bedrooms are located upstairs it offers you a private oasis to relax at the end of the day. As you explore the rest of the house, you'll find four spacious bedrooms, providing plenty of room for relaxation and privacy. The master suite is a true sanctuary, The home also features ceramic tile providing a durable and low-maintenance option that combines style and practicality. The flooring flows seamlessly throughout the living areas, adding a touch of warmth and charm to each room. With its desirable two-story layout, this home offers a great balance of space and functionality. In addition to the interior features, the property conveniently backs up to a conservation area and is partially fenced so you have plenty of privacy. The property is situated in a sought-after location, with convenient access to amenities, schools, beaches, and transportation. Willow Walk has a beautiful pool and a playground and a park. The neighborhood offers a serene atmosphere, perfect for those seeking a peaceful and comfortable lifestyle. The beautiful beaches of Anna Marie island are a short drive away. You are only a few miles from the Sunshine Skyway bridge and a couple miles from 75. Don't miss the opportunity to make this exceptional property your own. please use as is contract. All room sizes are approximate.
You may be able to put down less than the total down payment amount of $179,465 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: #a4578159