602 Sunlit Coral St, Ruskin, FL 33570
3 beds · 2 baths · 1,516 sqft
Can't buy today call about the lease purchase options. This is the prefect home for a lease purchase within 12 months to become the new owner! The other option is close in 30 days with a short sale. Welcome to your dream home in the sought-after Shell Cove community! This move-in ready 3-bedroom 2 bath 2 car garage boasts a modern open-concept design that accentuates the heart of the home. When entering the home, you are met in the living room that looks into the beautiful kitchen. The kitchen features dark cabins, stunning granite, updated appliances, and a huge island that is connected to the family room. The family room has sliding glass door that leads to a screened patio to enjoy your morning coffee or a glass of wine after a long day. The back yard is fenced in and has a shed for storage. This home also comes with a security system which includes cameras for your safety. Shell Cove features a community resort style, clubhouse, playground, dog park and various sports areas. Shell Cove is conveniently located with a short drive from I-75. This home provides quick access to local hotspots and amenities. Imagine having a marina with a vibrant boat club, a charming tiki restaurant, and a charming beach, all within a mere 5-minute drive from your new home. Shell Cove is also located minutes from local area attractions such as E.G. Simmons Park and Little Harbor where you can go fishing, camping, boating, or just relaxing while taking in the beautiful surroundings. The sellers of the home are the original owners. The home was built in 2021, you would not have to worry about repairing a new roof, AC, water heater or any maintenance on the home for a while. You would be buying a new home. Don't miss out on this opportunity to embrace the Florida lifestyle at its finest!
Source: STELLAR #t3521938
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #t3521938
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: #t3521938
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.