6927 Shelby Lynn Way, Zephyrhills, FL 33542
3 beds · 2 baths · 1,477 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Discover this charming home located in one of Zephyrhills' newest communities! With no CDD fees and a low HOA, it's an ideal choice for a starter home, retirement retreat, or investment property. Plus, it qualifies for 100% financing with no mortgage insurance! Built in 2021, this quality K Hovnanian Ashmere floorplan features a spacious single-story design with 8'8" ceilings and an open-concept living area perfect for entertaining. The heart of the home is the beautiful kitchen, boasting 36" Stirling Maple White cabinets and Brazilian White granite countertops. Adjacent to the common areas, the first-floor owner's suite offers a spacious bath, an oversized vanity, and a walk-in closet. All wet areas, including the great room, feature easy-to-maintain 18 x 18 neutral gray tile. The spacious and well-landscaped back yard offers a covered lanai with ample space for outdoor furniture and grill and comes already fully fenced with classy black wrought iron fencing, plus you have the option and space to add your own custom pool where you and your family can enjoy the best of Florida living right at home! This home is equipped with modern conveniences like a smart lock, alarm system, smart garage, thermostat system, Wifi doorbell, and a Wyze Floodlight Pro 2 camera. If you're a tennis enthusiast, you'll love the proximity to the Sarah Vande Berg Tennis Complex, which offers 11 tennis courts, pickleball courts, a fitness center, cryotherapy, and more. The East Pasco YMCA is also just minutes away, along with plenty of shopping, dining, and entertainment options for the whole family. Conveniently located near Hwy 301, 54, and Overpass Rd and only 15 minutes from the beautiful Epperson lagoon!! (https://www.metrolagoons.com/lagoon/epperson/) Don't miss the opportunity to make this home yours today!
Source: STELLAR #TB8353771
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #TB8353771
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.