5513 Rainwood Meadows Dr, Apollo Beach, FL 33572
6 beds · 3 baths · 2,614 sqft
Welcome to Lynwood! This delightful home boasts 2,614 square feet of beautifully designed living space, including six bedrooms, three bathrooms, and a two-car garage. From the moment you step into the welcoming foyer, you'll feel right at home. The open layout effortlessly connects the foyer, garage, and a spacious dining-kitchen-living room area. The kitchen is truly the heart of the home, featuring a large island, elegant granite countertops, stainless steel appliances, and a generous walk-in pantry. Perfect for entertaining, the kitchen flows seamlessly into the living area, which opens up through glass sliders to a covered, screened lanai that was just added in 2022. Enjoy peaceful pond views while sipping your morning coffee or unwinding with an evening glass of wine. The backyard offers a great space for littles to play or for gardening enthusiasts to grow fresh herbs in the U-shaped garden, complete with a lockable door and storage shed. On the first floor, you’ll find a versatile bedroom currently used for storage(not pictured), along with a full bathroom, making it ideal for guests or multi-generational living. Upstairs, the flexible loft area can be tailored to fit your needs. The primary bedroom suite is a retreat in itself, featuring a spacious walk-in closet(not pictured), a private water closet, double sinks, and a stand-up shower. Four additional bedrooms with double-door closets, share the full 3rd bathroom with double sinks and a separated toilet and shower room. With a conveniently located laundry room to complete the second floor. Lynwood’s community amenities include a pool, a covered area with a full kitchen and gas grill, a playground, sitting areas, and a walking trail. Plus, you'll enjoy easy access to I-75, beaches, shopping, grocery stores, EG Simmons Park and Campground, and even a drive-in theater. Don’t miss out on this wonderful home—schedule your showing today!
Source: STELLAR #tb8300901
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8300901
Source: Public records
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: #tb8300901
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.