7489 Gates Cir, Spring Hill, FL 34606
3 beds · 2 baths · 1,587 sqft
Welcome to this stunning 3-bedroom, 2-bathroom pool home, perfectly situated in the heart of Spring Hill! Just minutes from top-rated restaurants, shopping, schools, the expressway, and the famous Weeki Wachee Springs, this home offers both convenience and comfort. Step inside to discover a beautifully updated modern kitchen featuring elegant wooden cabinets, sleek granite countertops, and stainless-steel appliances. The home boasts ceramic tile flooring throughout, a desirable split-bedroom layout, a formal living and dining room, and a spacious family room, and a new roof installed 2022. For added security and peace of mind, a high-quality camera system is also included. One of the standout features is the additional cooking space in the garage, complete with a refrigerator, range/oven, microwave, sink, and extra wooden cabinets—perfect for entertaining or meal prep. Nestled on a generous **0.30-acre lot**, the fully enclosed vinyl-fenced backyard provides privacy and plenty of space for outdoor activities. Whether you're relaxing by the sparkling pool or hosting gatherings, this home is designed for enjoyment. Don't miss the opportunity to make this exceptional property yours—schedule a showing today!
Source: STELLAR #W7872128
Financials
Source: STELLAR #W7872128
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.