6120 Watercolor Dr, Lithia, FL 33547
2 beds · 3 baths · 2,670 sqft sqft
VA ASSUMABLE LOAN AVAILABLE FOR QUALIFIED BUYERS-- Welcome to your spectacular home in the gated Encore at Fishhawk Ranch, Tampa Bay’s premier 55+ community! Nestled on a premium lot with serene lake views and stunning sunsets, this home exudes curb appeal with lush tropical landscaping and craftsman-style details. Step inside to an open-concept floor plan showcasing top-tier upgrades, including plantation shutters, crown and base moldings, surround sound speakers, tankless water heater and custom closets. This beautifully designed home features 2 bedrooms, 2.5 bathrooms, a versatile den or office, a peaceful courtyard out front and a 3-car rear entry garage. Upon entering, you’re greeted by modern wood flooring that flows seamlessly through the main living areas and bedrooms, creating a warm and inviting atmosphere. The abundance of windows, recessed lighting, solar tubes, and high ceilings flood the home with natural light. At the front, an open flex space can serve as a home office or den features French doors to the front porch. The gourmet kitchen is a chef’s dream, equipped with soft-close wood cabinets, granite countertops, an expansive center island, mosaic tile backsplash, under-cabinet lighting, an upgraded gas cooktop, premium stainless appliances, pantry, and stylish light fixtures. The adjoining great room, with sliders to the lanai, is ideal for both relaxed living and entertaining. Escape to the owner’s suite, a true sanctuary with a tray ceiling, and a spa-like en-suite featuring a dual-sink vanity, a free-standing garden tub, a walk-through super shower, a custom walk-in closet with built-ins, and tranquil views of your private lanai. The generously sized secondary bedroom also offers a large closet and a private en suite bathroom, perfect for guests. Step outside to your expansive covered lanai, ideal for outdoor entertaining. The rear-entry 3-car garage is equipped with high-end custom storage, pull-down attic stairs, and epoxy floors. The HOA fees cover yard maintenance, cable and high-speed internet. The Oasis Club, Encore’s state-of-the-art clubhouse, offers a resort-style heated infinity pool, spa, basketball, pickleball, and bocce ball courts, grill stations, outdoor TVs, a fitness center, card rooms, and much more. A full-time activities director and a packed calendar of events keep the community buzzing. Additionally, owners have access to Fishhawk Ranch West amenities, including The Lake House, community pool, fitness center, and recreational facilities. This is the dream home you’ve been waiting for—don’t miss your chance!
Source: STELLAR #t3550968
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #t3550968
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: #t3550968
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.