5516 Madrigal Way, Apollo Beach, FL 33572
4 beds · 3 baths · 3,174 sqft
Get a free consultation call with an expert in the mortgage assumption process.
WELCOME TO YOUR DREAM HOME at 5516 Madrigal Way in highly desired Waterset Resort-Style Community – a stunning, nearly new single-story home built in 2021 offering 4 bedrooms, 3 bathrooms, TWO FLEX SPACES, and a 3-car garage with solar panels for energy efficiency. MODERN OPEN CONCEPT LIVING – Step inside to high ceilings and elegant tile floors, enhancing the spacious and seamless design. The gourmet kitchen is a chef’s dream, featuring premium stainless steel appliances, quartz countertops, a large center island, custom cabinetry, and a walk-in pantry, making it perfect for entertaining. A LUXURIOUS PRIMARY SUITE awaits with a spa-like ensuite, boasting dual vanities, a large walk-in shower and tub, and a spacious walk-in closet. The split floor plan ensures privacy, with four bedrooms and three full bathrooms thoughtfully placed throughout the home, in addition to that there are two enclosed flex rooms/offices. SMART HOME UPGRADES – This home is equipped with electrical blinds, a DoorBird smart video doorbell, a Rain Bird smart irrigation system, and energy-saving solar panels, offering convenience and efficiency. The 3-car garage features additional overhead storage for EXPANDED STORAGE & FUNCTIONALITY, while the home includes installed gutters and hurricane shutters for added exterior protection. Enjoy serene water views from your private OUTDOOR OASIS backyard, offering the perfect setting for relaxation or entertaining. With no rear neighbors, you’ll love the peace and privacy of this prime location. Located in the sought-after Waterset community, residents enjoy an array of exclusive amenities, including FOUR resort-style pools, TWO fitness centers, basketball and tennis courts, a sand volleyball court, multiple clubhouses, parks, trails, playgrounds, dog parks, and waterfront activities. Amazing Top Rated Schools: Waterset Charter School, Dorothy C. York Innovation Academy, and the Learning Academy offering infant through Pre-K Montessori education right within the community. This move-in-ready, upgraded home is waiting for you! Don’t miss your chance—schedule a private tour today! <iframe width='853' height='480' src='https://www.zillow.com/view-imx/1e2e001f-b9c5-49a0-ab31-07b96e320b03?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard' frameborder='0' allowfullscreen allow='xr-spatial-tracking'></iframe>
Source: STELLAR #O6287485
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #O6287485
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.