719 TIMELESS MOSS DR, Ruskin, FL 33570
Beautiful home built in 2020, 6 Bedroom, 3 Bath, Loft, Flex room, Owners Suite on 1st floor, Pool home, Pool Gage, and Fenced yard. Welcome to Mills Bayou, Ruskin, Florida – where every corner whispers of comfort, elegance, and tranquility. Step in and discover a sanctuary meticulously crafted to suit your family's every desire. Nestled amidst a backdrop of natural beauty, this exquisite fenced-in pool home invites you to explore its expansive 3,326 square feet of living space. There's an abundance of room for every member of your family to find their own slice of paradise. As you cross the threshold, you'll be greeted by a layout that seamlessly blends privacy with convenience. The owner's suite and ensuite downstairs offer a retreat-like ambiance, while a second bedroom, flex space/office, and bathroom downstairs provide versatility and solitude. Venture upstairs to uncover a charming loft – the ideal setting for cherished game or movie nights with your nearest and dearest. Here, four additional bedrooms await, accompanied by a meticulously designed bathroom to cater to your family's needs. Indulge your culinary passions in the heart of the home – an open floor planned kitchen adorned with 36" Staggered Chatham Umber raised square panel cabinetry, Stainless Steel GE® appliances, and Caledonia granite countertops (age of home). Picture yourself effortlessly preparing delectable meals while still being a part of the lively conversation. But the magic doesn't end there. As you move through the dining room and Florida room, your gaze is drawn to the serene pool area, embraced by the tranquil beauty of the conservation area beyond. It's a scene that promises countless moments of relaxation and rejuvenation. A place you would be willing to waste your time.
You may be able to put down less than the total down payment amount of $316,339 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: #t3518437