7119 Salt River Ave, Sun City Center, FL 33573
4 beds · 2 baths · 1,935 sqft
MOTIVATED SELLER!! ASSUMABLE LOAN AT A VERY LOW RATE! Why wait to build when you can get this almost new home. This beautiful Hartford floor plan is a spacious 1,936 square foot single-family home complete with 4 bedroom 2 bath located in the convenient neighborhood of Cypress Mill, walking distance to the resort style community pool. The open floor plan offers a spacious living room, open to the kitchen (with large island) and dining area. Enjoy the perfect kitchen with a center island that overlooks an spacious family room, perfect for entertaining family and friends. The owner's suite features an oversized bedroom connected to a spacious bathroom with his and her vanity and a roomy walk-in closet, The beautiful ceramic tile floors flow throughout the home with luxury vinyl flooring in the bedrooms. This stunning home includes a GE appliance package. Window blinds throughout and sprinkler system. It also includes solar panels and water softener that are fully paid as an upgraded bonus that will save you thousands. For your peace of mind, the home is equipped with Vivint home monitoring system. The other three bedrooms are conveniently located in the front of the home for additional privacy. Perfect location for shopping, restaurants and a short drive to the beach.
Source: STELLAR #tb8310274
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8310274
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: #tb8310274
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.