5212 Wishing Arch Dr, Apollo Beach, FL 33572
4 beds · 3 baths · 2,532 sqft
Welcome to the best value in the exclusive neighborhood of Mirabay! This 2532 square foot home boasts 4-bedrooms, 3-bathrooms and a flex space that can be used for many things. All tile on the lower floor and all luxury plank vinyl on the upper floor. No carpet! A nice open floor plan that's great for entertaining or a nice quiet evening with the family. High ceilings and lots of windows let the natural light pour in. Dual zone air conditioning with ecobee thermostats on each floor. The chef's style kitchen has stainless steel appliances, canned lighting with dimmer switches, 42" cabinets, a beautiful ceramic farm style sink, and a generous island. The master suite is very large and the master bath has dual sinks, a large walk in shower and dual shower heads. In the garage is a 220 volt outlet for charging electric cars. This home is on a oversized lot with conservation views in the back. Priced right with an assumable mortgage and a low interest rate. Live like you're on vacation everyday! World class amenities include a clubhouse with full liquor license, an extensive gym with machines and free weights, and a cafe. Massive resort style zero entry pool with water features, a water slide, a heated lap pool, and a kiddie pool. Also included are tennis courts, pickle ball, basketball courts, 3 parks and a playground. Go fishing off the fishing pier or take your boat out on the private boat ramp that leads out to bay. Rent a kayak or canoe and just enjoy the water. Location is great as it is close to shopping, restaurants, and the beautiful beaches are just a short car ride away. The interstate is very close for trips to Tampa, Bradenton, Sarasota, or Orlando.
Source: STELLAR #a4618769
Source: STELLAR #a4618769
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: #a4618769