5909 Yorkshire Dr, Zephyrhills, FL 33542
2 beds · 2 baths · 1,417 sqft
Welcome to your new happy place! This charming 2-bedroom, 2-bath, 2 car garage single-family home in a lively 55+ community is ready for you to call it home. With around 1,500 square feet of cozy living space, there’s plenty of room to relax and entertain. Step into the heart of the home – the kitchen! It features a delightful eat-in space, perfect for morning coffee or casual dinners. You’ll love the sleek granite countertops and shiny stainless steel appliances that make cooking a breeze. Plus, there's a handy desk area for those moments when you need to tackle a little paperwork or just want to scroll through your favorite recipes. But it’s not just about the inside! The community offers a fantastic swimming pool for those sunny days and a shuffleboard court that’s just waiting for some friendly competition. With an HOA fee of just $170 a month, you can enjoy all these amenities without breaking the bank. And let’s not forget about the convenience of a two-car garage – no more worrying about parking or storing your gear! This home is not just a place to live; it’s a place to thrive in a community that values fun, friendship, and a fulfilling lifestyle. Come check it out and see how it feels to live your best life!
Source: STELLAR #TB8344533
Financials
Source: Public records
Source: STELLAR #TB8344533
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.