5023 Cactus Needle Ln, Wesley Chapel, FL 33544
3 beds · 3 baths · 1,576 sqft
***SINGLE OWNER, LOW HOA, NO CDD*** Features include a BRAND NEW WASHER & DRYER, and FRIDGE (2024), as well as a newer WATER FILTRATION SYSTEM+ SOFTENER (2022). With TWO assigned parking spots right in front, convenience is at your doorstep. Step in and find yourself in the spacious living room with an open concept kitchen and dinning. Step to the second floor where the bedrooms are located with the primary bedroom conviniently located away from the other two bedrooms. Located in the beautiful gated community of Santa Fe at Westbrooke, you can forget about the stress of property maintenance. The community covers exterior maintenance (landscaping, exterior paint, roof, trash, and sewer), as well as water. Enjoy the community pool and the charming backyard with an enclosed patio. The new owner also has the option to add a privacy fence for extra backyard space, a feature not commonly allowed by many HOAs. Conveniently located near The Grove, Shops at Wiregrass, Tampa Premium Outlets, dining, schools, medical facilities, and with easy access to I-75/275 and State Road 54, this home is perfectly situated for all your needs.
Source: STELLAR #t3544109
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #t3544109
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: #t3544109
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.