5037 Greystone Dr, Spring Hill, FL 34609
5 beds · 2 baths · 2,314 sqft
Under contract-accepting backup offers. Check out this updated and exceptionally maintained home in gated Sterling Hill. Sterling Hill Community offers 2 clubhouses, each with a pool, playground and fitness center. Sterling Hill Community also offers a splash pad, a tennis court and a dog park. Highlights of this home begin with a BRAND NEW ROOF MAY 23rd 2024, helping with home owners ins. and peace of mind for years to come! The kitchen is completely updated remodeled with new grey plywood constructed cabinets, new stainless appliances, stainless sink and faucet, butcher-block countertops, tile backsplash, and kitchen bar accented with beautiful stacked stone. Family room has a custom build in electric fireplace that the TV shares and creates a magnificent focal point. The entire home is LVP flooring, no old dirty carpet to replace here. This home has a flex 5th bedroom/dining room/office space. Master bedroom is ample as is the ensuite bathroom with extra large tub and walk in shower. The entire exterior of home was just painted March 2024. Home has 10 foot ceilings. Plenty of natural light from the large windows. All bedrooms are larger and feel very comfortable. The home has upgraded baseboards that are 5.25 inch through out adding to the list of upgrades. Reverse osmosis water and whole home water filtration system stays. 3 car garage for added storage space. Moving from an existing Florida residence? Florida's Save Our Homes (SOH) provision allows you to transfer all or a significant portion of your tax benefit, up to $500,000 home value from a Florida home with a homestead exemption to a new home within the state of Florida that qualifies for a homestead exemption. See your county property tax office for more details.
Source: STELLAR #t3535773
Source: STELLAR #t3535773
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: #t3535773
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.