7406 61st St E, Palmetto, FL 34221
5 beds · 5 baths · 3,758 sqft
Get a free consultation call with an expert in the mortgage assumption process.
!Lender credit option available towards a rate buy down with accepted terms!! Welcome to 7406 61st Street E, a beautiful lake view home on an oversized lot that is fully fenced and has a heated pool in Sheffield Glen. This meticulously maintained property boasts a spacious floor plan with 5 bedrooms, 4 bathrooms, and 1 half bathroom spread across 3,758 square feet of finished living space. As you enter the home, you are greeted by a grand foyer with an abundance of natural light that leads into the open concept living area, and formal dinning area. As you continue on into the gourmet kitchen, you will notice the extended kitchen cabinets, a washing sink, a vegetable sink, granite countertops, solid wood cabinets, and gorgeous tile backsplash. There is even more space for an additional kitchen table and another feature this home offers is a second living room! The main level also includes a a convenient half bathroom for added convenience, a bedroom with an en-suite bathroom, and large walk-in closet which can be used as a second primary bedroom. Upstairs, you will find the luxurious main primary suite complete with a walk-in closet and en-suite bathroom, an additional three bedrooms, and two full bathrooms, a laundry room, and a spacious loft area complete the second level of this beautiful home. Outside, step onto the travertine pool deck and into the screened lanai that offers the perfect spot to enjoy the Florida sunshine or enjoy the beautiful heated pool while overlooking the serene lake view. This home features LVP waterproof flooring through the entire house, permanent Hurricane Shutters on the second floor, regular removable hurricane shutters for the first floor, Smart AC thermostat system that’s compatible with Alexa, contemporary chandlers, upgraded primary bedroom closet shelves, 2 AC systems, new 2024 pool T-cell , pool thermal plastic cover to speed heating, pool vacuum for easy maintenance, externally painted home in 2023, water filtration system, sprinkler system, large garage for lots of storage, and a long driveway enough for 6 cars. Sheffield Glenn is a single entrance neighborhood conveniently located near Virgil Mills Elementary, Buffalo Creek Middle School, Buffalo Creek Park and Golf course. Easy access to Interstate 75 for commuting to Tampa, St. Petersburg, Sarasota and beyond. No CDD and low HOA. Call today for your private showing!
Source: STELLAR #A4622863
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #A4622863
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.