7215 Wash Island Dr, Sun City Center, FL 33573
4 beds · 3 baths · 2,057 sqft sqft
PRICE DROP!!!Welcome to Cypress Mill, one of the most sought after communities in Sun City Center (just bordering on Apollo Beach). This contemporary beauty is located on one of the quietest and most sequestered streets in the neighborhood and is also located in the LEGACY AREA. Homes in the Legacy Area are built to a much HIGHER STANDARD and include many UPGRADES. The backyard has a screened in porch with a POND View, while the front view dons a beautiful grassy courtyard which means NO BACKDOOR OR FRONTDOOOR NEIGHBORS!!! Privacy at its finest! The home boasts a beautiful open floor plan with the Master Suite secluded from the other 3 secondary bedrooms (one could make a spectacular office!). Lots of upgrades in this gorgeous home including GRANITE Kitchen AND Bathroom countertops, DOUBLE-PANED WINDOWS, removable HURRICANE SHUTTERS, and is an ENERGY STAR CERTIFIED & SMART Home with Touchless Entry. Are you ready for lower electric bills and modernized features you can control with your Smartphone?! All main appliances convey, including Range, Dishwasher, Refrigerator, Microwave, Washer & Dryer. Enjoy all the wonderful amenities Cypress Mill has to provide, including a pool with a Splash Area for the kiddos, Dog Park, Fitness Center, Pickleball & Basketball courts and Clubhouse. Close proximity to I-75, restaurants and more!
Source: STELLAR #t3551571
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #t3551571
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: #t3551571
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.