555 Calico Scallop St, Ruskin, FL 33570
4 beds · 2 baths · 1,771 sqft
This updated 4 bedroom, single story property is a gem in Ruskin, offering a blend of style and efficiency. X500 Flood Zone - does not require flood insurance - See the attached Flood Determination Certifiate - a 25-year transferrable solar panel warranty, blue light in the air handler, upgraded ceiling fans throughout, and currently receiving AC service every six months, this eco-friendly home keeps energy costs low, with an average electric bill of just $30 a month. Inside, you’ll find a beautifully upgraded kitchen featuring quartz countertops, upgraded appliances, under-cabinet lighting, and a reverse osmosis system. Step outside to your private backyard oasis, which is fully fenced for privacy and security. A custom awning and screen off the back patio creates a perfectly shaded retreat, and the meticulously maintained yard includes fresh sod, a comprehensive gutter system, additional irrigation, and lush landscaping for an idyllic outdoor experience. With easy access to beaches, parks, and outdoor adventures, this home offers not only comfort but an amazing lifestyle. Spend a day exploring E.G. Simmons Regional Park, where you can fish, kayak, or simply relax by the waterfront. Nearby Apollo Beach offers the Manatee Viewing Center, where you can see manatees in their natural habitat and enjoy trails and observation towers. For dining, head to Little Harbor or Circles Waterfront Restaurant for delicious meals with a view. This home truly shines with thoughtful upgrades inside and out – a perfect match for those seeking quality, style, and the best of Ruskin and Apollo Beach living! "This property is elgible for 100 percent Financing Program with participating lender". Reach out for details.
Source: STELLAR #TB8318061
Financials
Source: Public records
Source: STELLAR #TB8318061
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.