609 SOMERSTONE DR, Valrico, FL 33594
Prepare to be wowed by this spectacular two-story home, offering an abundance of elegant spaces and coveted amenities. As you step inside, soaring vaulted ceilings and an open-concept layout greet you, creating an airy and inviting ambiance. The living room is a true showstopper, with its ceiling extending all the way up to the second floor, providing a breathtaking sense of grandeur. The heart of the home lies in the kitchen, where granite countertops, sleek stainless-steel appliances and a convenient breakfast bar make meal preparation and entertaining an absolute delight. Retreat to the owner's suite, conveniently situated on the first floor. Here, you'll find a private oasis complete with a spacious walk-in closet and an en-suite bathroom. Features dual vanity, granite countertops and the ultimate pampering experience offered by the gorgeous garden tub and separate shower. Ascend to the second floor, where a cozy loft area awaits, perfect for a home office, reading nook, or a quiet retreat. Two additional bedrooms and a second full bathroom provide ample space for family or guests. Step outside onto the extended covered and screened-in lanai, where you can relax and unwind while enjoying the privacy of your fully fenced backyard. This outdoor space is an ideal setting for alfresco dining, entertaining, or simply basking in the tranquility of your own private sanctuary. This home is part of a vibrant community that offers a wealth of amenities, including a refreshing pool, basketball courts for active lifestyles, a volleyball court for friendly competitions and a playground. Located within minutes to shops, restaurants and a short drive to Brandon Hospital, Westfield Mall, I-75 & I-4. ROOF installed in 2021.
You may be able to put down less than the total down payment amount of $178,627 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: #t3509395