506 Lime Tree Ct, Sun City Center, FL 33573
2 beds · 2 baths · 1,505 sqft
In the heart of Florida's favorite 55+ community situated on the corner lot in a cul de sac, the most perfectly cared for home is ready to welcome a new owner. The home includes a lot of the basics: 2 beds, 2 baths, living areas. What makes it so special are the additional living spaces that will enhance your quality of life. In the front of the home a large Florida Room comes complete with AC, electrical outlets and lots of natural sunlight. Inside is an oversized laundry room, big enough for a desk, complete with wash tub and pantry storage. The kitchen is an entertainer's dream: double pantry for lots of storage, counter space in abundance and an open bar/pass through that keeps the host in the center of the conversation even when prepping food. A well appointed Primary bedroom with on-suite bath and a guest room give privacy from the rest of the home. On the way to the backyard you pass through the Living Room with lots of sunlight. Outside you will find a fenced yard, perfect for your furry friends. A large concrete slab is a great place for enjoying Florida's wonderful weather. Tons of extras in this home include: Solar, water filter/softener, new AC, paver driveway and walkways, newer appliances and much more. This home is part of Sun City Center where you have access to a multitude of lifestyle amenities, multiple pools, clubs and social engagement; however, there is no overriding and overreaching HOA monitoring your property, and no fees that accompany. Sun City is the perfect place to spend your years of wisdom.
Source: STELLAR #tb8315172
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8315172
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: #tb8315172
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.