5218 Lake Venice Dr, Wimauma, FL 33598
3 beds · 4 baths · 2,892 sqft sqft
Indulge in the pinnacle of luxury and tranquility at this exceptional residence, nestled within an esteemed community celebrated for its natural splendor and exclusive amenities. Crafted in 2022 and meticulously enhanced, this home sets a peerless standard of elegance. Nestled on a sprawling .52-acre conservation lot, serenity and natural beauty surround you, enhanced by a newly installed saltwater pool complete with a Pentair pump and LED lighting, perfect for serene outdoor relaxation on the expansive lanai. Inside, a meticulously planned floor plan unfolds, featuring an impeccably extended grand master suite and spacious secondary bedrooms, each boasting its own sumptuous ensuite. A versatile den/study area offers a seamless blend of productivity and leisure. The heart of this home is its expansive open floor plan, designed for effortless indoor-outdoor living through triple sliders that lead to the poolside retreat. The chef-inspired kitchen is a culinary marvel, adorned with marble countertops, a honed marble backsplash, and state-of-the-art stainless steel appliances, including an induction cooktop and convection oven. Luxury intertwines with practicality in the expansive laundry room, featuring granite-topped surfaces and abundant storage. Additional highlights include a spacious laundry room, triple garage, custom hurricane fabric, and a robust security system. Community amenities include a pavilion, picnic areas, playground, and scenic trails, plus activities like canoeing and fishing. With no CDD fees and low HOA costs, this property offers unmatched luxury and lifestyle in Lake Toscana.
Source: STELLAR #t3539972
Source: STELLAR #t3539972
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: #t3539972
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.