5126 JACKEL CHASE DR, Wimauma, FL 33598
Assumable VA Loan!!! Welcome Home to this beautiful 4/3/2 DR HORTON HOME (CORAL MODEL), completed in February of 2022 in the much sought after community of SouthShore Bay! Open the front door via the keyless Smart Home Technology and be wowed by the beautiful floorplan, high ceilings and amazing water view. The main level Flex Space can be utilized as a Den or Office. The spacious living room is a perfect place to relax with the family. The Chef's Kitchen has warm Expresso Cabinets, SS Appliances, Granite Countertops, and a nice walk-in pantry. The generous dining area with a water view is a great place to enjoy family meals. This home boasts Two covered outdoor spaces; a covered front porch and a covered screened porch with access to the backyard. The home is equipped with an all-sides irrigation system. Your family and pets will enjoy the extensive fenced in backyard. There is a downstairs bedroom and full bathroom and linen closet. Perfect for an in-law suite or guestroom. As you walk upstairs you will walk into a sizeable bonus room with a large storage closet. You will be amazed at the amount of closet space in this home. There are two other great sized bedrooms and a full second bathroom (all bathrooms have granite countertops). Next enter the luxurious sized Primary Retreat with his and her walk-in closets. The master bathroom has a walk-in shower, relaxing garden tub and lots of storage space. Enjoy the features of this Smart Home and a bonus of two ADT Cameras. Hurricane Shutters are also included. This community boasts two fenced in dog parks, a Lagoon, Trails, and Monthly Family Activities. Yes, you can bring your Golf Cart too!!! The low HOA Fee Includes Spectrum Wi-Fi and Spectrum Basic Cable.
You may be able to put down less than the total down payment amount of $33,568 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: #t3510827