511 CROWNED EAGLE CT, Valrico, FL 33594
RADICALLY REDUCED FROM $668,000! Executive Residence, nestled in the highly sought-after gated community of Eaglewood Estates. With only 49 homes and no CDD, this neighborhood offers a rare and tranquil living experience. This stunning property boasts a 4-bedroom, 3-bathroom split floor plan with an office/den area, perfect for those seeking a private retreat. Features of this beautifully appointed home include: - Recently added whole-house natural gas powered generator - New roof (2018) and HVAC units (2015) - Natural gas tankless water heater (2016) - Upgraded light features and fixtures - Spacious 13x29 screened lanai with Spanish tile, ideal for outdoor entertaining - Gourmet kitchen with quartz countertops (Cambria), marble island top, and newly painted cabinets - High ceilings and crown molding in the front formal areas - Frameless glass shower and separate soaking tub in the primary bathroom - Large walk-in closet with access from the bathroom - Epoxy-coated 3-car garage floor - Gorgeous landscaping with an irrigation system and newly sodded front and sides (Scott's Provista grass) - Video camera system for added security Additionally, this property offers a unique financing opportunity with an assumable VA loan, making it an attractive option for eligible veterans. Conveniently located near Brandon, this property offers easy access to shopping, dining, and entertainment options. Enjoy a quick commute to Tampa, area beaches, and Orlando attractions. Schedule a showing today and experience the luxury and tranquility of this exceptional home! Let me know if you need any further assistance! ** ROOM DIMENSIONS, TAXES & HOA DUES ARE APPROX TO BE VERIFIED BY THE BUYER**
You may be able to put down less than the total down payment amount of $295,891 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: #t3519759