5003 NE 125TH LOOP, Oxford, FL 34484
WOW! WELCOME HOME to this beautiful 3/2 Elfrieda model!! This home is NEWLY BUILT in 2022 and has ALL THE UPGRADES!! 5 year transferrable builder warranty. Densan park is a GATED COMMUNITY right outside of THE VILLAGES. The neighborhood is close to shopping, dining and The Villages Charter Schools. Access all the fun of the Villages with your street legal cart! As you approach the home you will be treated with double French doors and stone front accents! The home offers high ceilings, wood plank ceramic tile flooring and OPEN FLOOR PLAN! To your left is the guest suite with two guest bedrooms, a guest bathroom with updated features and walk in shower! SPLIT FLOOR PLAN! The spacious master suite is oversized with two walk-in closets. The Master suite bathroom offers double sinks and walk-in shower. Heading back out to the main living space is a large open living room and dining room with sliders leading to the back covered patio. Custom window treatments. The kitchen is open and spacious featuring granite, back splash, smart appliances, upgraded cabinetry, pantry and a window over the kitchen sink overlooking the backyard. The outdoors is private and welcoming! The backyard is perfect for families, pets or entertaining. The backyard is partially fenced! Come see this home today, it is waiting for YOU!
You may be able to put down less than the total down payment amount of $0 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: #g5074780
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.