5520 BLUE AZURE DR, Wimauma, FL 33598
Back On The Market, Buyers Financing Fell Through! Welcome to 5520 Blue Azure Drive, a delightful sanctuary nestled in the serene Berry Bay Estates. This beautiful, newly-built 2023 home exudes warmth and charm, perfect for creating cherished memories. As you step inside, you are greeted by an inviting open floor plan that effortlessly connects the family room, dining area, and kitchen, making it ideal for both intimate family gatherings and larger celebrations. The spacious 1,936 square feet of living space includes four cozy bedrooms, each designed for comfort and tranquility. The owner's suite is a true retreat, featuring a spa-like bath that promises relaxation and privacy. The three additional bedrooms provide ample space for family, guests, or even a home office. Every detail in this home has been thoughtfully chosen, from the elegant ceramic tile flooring to the plush carpeting that adds a touch of luxury underfoot. One of the standout features of this home is the huge backyard, perfect for outdoor activities, gardening, or simply enjoying the Florida sunshine. Whether you envision summer barbecues, a play area, or a serene garden retreat, this expansive outdoor space offers endless possibilities. Outside, the charming stucco exterior and neatly fenced yard create a welcoming atmosphere. The two-car garage offers plenty of space for vehicles and storage, catering to all your practical needs. Built in 2023, 5520 Blue Azure Drive isn't just a house, it's a brand-new place where you'll feel instantly at home, surrounded by comfort and style. Don't miss the opportunity to make this warm and inviting property your own, where every day can be filled with joy and relaxation.
You may be able to put down less than the total down payment amount of $38,806 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
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?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #u8247462