7006 CUPSEED LN, Harmony, FL 34773
ASSUMABLE MORTGAGE MAY BE AVAILABLE TO QUALIFIED BUYERS!!! Price Improvement - Don't miss your chance to live in the heart of Harmony, Florida. Roof was replaced in 2021! This immaculate two-story residence boasts a timeless design and numerous upgrades, making it a must-see property. As you approach, the inviting front porch and second-floor balcony beckon you to unwind and savor the peaceful surroundings. Step inside to discover an open floor plan that blends the living and dining areas, creating an ideal space for entertaining guests after a delightful meal. The kitchen is a chef's delight, offering extra eating space, a convenient breakfast bar, and easy access to the laundry room. The adjacent large screened-in lanai, coupled with a convenient half bath, provides a perfect retreat just steps from the heart of the home. Venture upstairs to find the generously sized owner's suite, complete with an en-suite bathroom, a spacious walk-in closet, and an extended sitting area perfect for relaxation. Start your day with a cup of coffee on the private owner's bedroom porch, enjoying the serene surroundings. The additional two bedrooms upstairs share a well-appointed bathroom, providing ample space for family or guests. This home is not only beautiful but also comes with practical updates, including a new roof in 2021, engineered hardwood floors installed in 2020, and a Hot Water Heater replaced in 2018. Living in Harmony offers a lifestyle like no other, with an array of amenities such as lakes, community-owned boats, a fishing pier, rocking chairs, bench swings, walking trails, dog parks, playgrounds, a sand volleyball court, basketball courts, two community pools, and the stunning Harmony Preserve Golf Course. Top-rated schools, including Harmony Community K-5 – just a few blocks away, Harmony Middle School, and Harmony High School, ensure an excellent education for your family. Don't miss the chance to make this Harmony haven your own – schedule your private showing today and embark on a new chapter of comfortable and stylish living!
You may be able to put down less than the total down payment amount of $149,210 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: #s5099378