Limited time: Pay only $1,000 to assume a low rate mortgage when you sign a purchase contract between 12/11/24 and 1/10/25 *
1 of 43
$385,000

531 Taseschee Dr, Sebring, FL 33870

4 beds · 4 baths · 2,974 sqft

Stunning! Huge! Move-in ready! Freshly painted! These are all words you can use to describe this property. This home is one that people wait for to come onto the market. It is 4 bedrooms, 3 and half baths, with a view of Lake Jackson. It's located on a dead end street in a highly desired area. As you pull up to the home, you'll notice the mature trees and the wide covered porch. You'll likely picture yourself sitting there greeting the neighborhood. You walk into the foyer and see the living room, open to the dining room. Beyond the dining room, you'll find the large, eat-in kitchen. On the other end of the home are the three bedrooms on the first floor. Bedrooms 1 and 2 are to the right, at the back of the house. The main bathroom is at the end of the hall. The third bedroom is to the left. It is an en suite bedroom with a full bathroom and walk-in closet. The closet is large enough to double as a small hobby room or office (as it currently is). Go back down the hallway, through the dining room to the Family room. It measures (approximately) a massive 24 feet by 25 feet. That's 600 sq feet!!! Take the stairs to the primary suite. The first thing you'll notice at the top is the gorgeous view of beautiful Lake Jackson. Then you'll see the spacious room being filled with the sunlight through the three large windows. The en suite bathroom has an elegant double vanity, garden tub, walk-in shower, and a private water closet. Off the back of the Family room is a large deck. Over 100 sq feet of it is covered. This would make a great place to enjoy gatherings with family and friends. The deck overlooks the backyard and Lake Jackson. The back yard is fully fenced with gates on both sides. This property is less than 2 miles from the Historic Sebring Circle. Which, by the way, is the site of HGTV's Erin and Ben Napier's filming of the hit show Home Town. Also located in downtown are the Highlands Lakeside Theatre, Sebring Library, and numerous shops, boutiques, and restaurants. There are two major hospitals within 5 miles. Sebring International Raceway is approximately 9 miles away. Best of all, Sebring is within 3 hours of nearly everything in central and south Florida. Schedule your showing today and take this home off the market before someone else does!

Estimated
Seller's interest rate
4.75%
7%
Estimated
Principal & interest
$884/mo.
$1,026
You may also save up to $26,604 in total interest paid.
Listing price
$385,000

Your cash down payment
$268,348
Seller’s estimated current equity is $268,348
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with a 2nd mortgage.
Estimated $884 monthly payment

Financed
$116,651
Assumed mortgage 4.75% • Seller's rate
$116,651
2nd mortgage 9.25% • No prepay penalty
$0

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
Location
Details
Home
Size
2,974 sqft
Lot size
0.29 acres
Year built
1978
Type
Single Family Residence

Source: STELLAR #l4948904

Loan
Remaining term
15 years, 7 months
Rate
4.75%
Monthly P&I
$884
Remaining loan balance
$116,651

Source: Public records

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?

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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?

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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?

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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?

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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?

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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.

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Last updated: Dec 21, 2024 09:11 am
Listing agent: Daniel McFee (863) 273-6324
Listing provided courtesy of: COLDWELL BANKER REALTY (863) 687-2233
Details provided by STELLAR and may not match the public record.
MLS ID: #l4948904
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2024 MLS GRID. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$884/mo
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