4753 SILVER CIR, Zephyrhills, FL 33541
Seller offering 1k towards buyers closing costs. This Property was just Appraised (June) at $230K, Instant Equity! Seller is Motivated. Across the street from the pool! Welcome to your perfect starter home! Nestled in the heart of downtown Zephyrhills, this charming 2-bedroom, 2-bathroom residence offers a delightful blend of convenience and comfort. Prime Location: Centrally positioned, this home is mere moments away from downtown shopping, delectable dining options, and a plethora of restaurants, ensuring every amenity is within easy reach. Not to mention, a delightful community pool awaits just across the street, promising endless relaxation and leisure right at your doorstep. Low Maintenance Living: Say goodbye to tedious chores! With lawn and pool maintenance conveniently included in a nominal HOA fee, you can spend less time on upkeep and more time enjoying the quintessential Florida lifestyle. Modern Upgrades: Boasting a newer roof and a host of contemporary upgrades, this residence exudes style and functionality. Each room is adorned with upgraded ceiling fans, while built-in shelving above the laundry station adds both charm and practicality. The inclusion of a functional electric garage door opener adds another layer of convenience to daily living. Versatile Financing Options: Whether you're exploring traditional mortgage financing or alternative options, this property accommodates a diverse range of financing choices, making it accessible to all buyers. Open and Airy Layout: Step inside to discover an inviting open floor plan seamlessly connecting the kitchen, dining area, and living room. Vaulted ceilings and abundant natural light create an expansive ambiance, perfect for entertaining guests or simply unwinding after a long day. Convenient Features: A separate laundry room ensures noisy appliances remain discreetly tucked away, while providing convenient access to the attached garage equipped with a garage door opener for added ease. Don't let this opportunity slip away! Schedule a viewing today and secure your slice of downtown Zephyrhills living before it's too late.
You may be able to put down less than the total down payment amount of $99,619 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: #t3534609