7287 Islamorada Cir, Seminole, FL 33777
3 beds · 3 baths · 2,088 sqft
Welcome home to this move-in ready townhome in the resort style community of Seminole Isles. You can purchase this home with peace of mind because THIS TOWNHOME DID NOT HAVE ANY WATER COME INSIDE THE HOME during the hurricanes. This townhome is located in the gated community of Seminole Isle. This 3 bedroom, 2.5 bath townhome with over 2,000 sq ft of living space offers you the best of both worlds - you have the true feeling of a single family home but you don't have to worry about the exterior maintenance or yard work. Sit on your screened-in balcony off of your living room and enjoy the sunrise over the bayou. The main level features an open floor plan. Beautiful granite counter tops with wood cabinets, beautiful backsplash, center island, stainless steel appliances complete with a Breakfast bar and office space in the kitchen. Your spacious living and dining area both overlook the natural setting of the bayou. An oversized lower level, leads out to the covered patio and offers many entertaining possibilities. The 2 car garage and additional storage space on the lower level will always come in handy. The upper level on the 3rd floor has an oversized primary ensuite with a large walk in closet. The spacious and updated primary bath offers you both a tub and separate shower. The upper level includes two additional spacious bedrooms, a loft area that could be used in many different ways and a full bathroom. You will love the interior utility room with built in storage cabinets that is located on the upper level. Enjoy the tranquil setting of this townhome and nature at its best. You are able to use the walking trail that goes around the community or put your kayak in the water at the kayak launch, fish off the dock or just relax by the fire pit. If you enjoy outside activities, Seminole Isle has it all - tennis/pickle courts, swimming pool and the clubhouse with a gym. Seminole Isle is a wonderful community that is centrally located close to shopping, the beaches and many restaurants. This townhome is being sold with all of the furniture except for one desk and chair. However, if the buyer doesn't need furniture the seller can move it out of the townhome prior to closing.
Source: STELLAR #tb8320273
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8320273
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: #tb8320273
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.