Limited time: Pay only $1,000 to assume a low rate mortgage when you sign a purchase contract between 12/11/24 and 1/10/25 *
1 of 100
$589,000

7537 Pool Compass Loop, Wesley Chapel, FL 33545

3 beds · 3 baths · 2,606 sqft

Welcome to resort-style living in the highly sought after and desirable Epperson Ranch! This stunning home offers a blend of luxury, comfort, and access to world-class amenities. With over $60,000 in upgrades, this meticulously maintained property stands out with its attention to detail and premium finishes. Step through the grand foyer and be greeted by the stately iron staircase, one of many exquisite upgrades that make this home truly special. The formal dining room, illuminated by a new chandelier, is perfect for hosting gatherings. Designed for entertaining, the open-concept living area flows effortlessly from the dining space to the gourmet kitchen, allowing you to stay connected with guests. The kitchen is a chef’s dream, featuring upgraded Samsung appliances, a spacious walk-in pantry, and a stunning tile backsplash. Enjoy preparing meals while taking in serene pond views. The thoughtful layout of this home balances both style and function, with ample room to live, work, and play. Upstairs, a versatile open loft area offers endless possibilities, whether as a playroom, home office, or additional living space. The tranquil primary bedroom serves as a private retreat, with two additional bedrooms providing comfortable accommodations for family and guests. Also upstairs is a convenient laundry room and a full guest bathroom, adding extra convenience for daily living. Outside, the expansive paver patio offers plenty of space for al fresco dining and entertaining, while the covered lanai provides shade for year-round enjoyment. The fully fenced yard and peaceful pond views make this outdoor haven the perfect place to unwind. Additional upgrades, like remote sunscreens and security cameras, enhance convenience and peace of mind. Living in Epperson Ranch provides access to unmatched amenities, including the 7.5-acre crystal-clear lagoon, perfect for swimming, paddleboarding, or lounging on the beach. Enjoy tiki areas, a thrilling slide, a climbing wall, and a floating obstacle course. There's even a dock for paddleboards and kayaks, plus a swim-up bar for poolside refreshments. With live music and entertainment from the covered stage, there’s always something to enjoy at the lagoon. Epperson Ranch also features a dog park, miles of trails for hiking and biking, and golf cart paths throughout the neighborhood. There’s a covered playground for the little ones, ensuring everyone has something to look forward to. Even non-swimmers will find plenty to love in this vibrant community. Whether you're taking in the natural beauty, enjoying a leisurely ride, or simply relaxing by the lagoon, Epperson Ranch offers a truly unique lifestyle. This meticulously maintained home, with over $60,000 in premium upgrades, is move-in ready and waiting for you. From elegant interior touches to the thoughtfully designed outdoor space, this property offers a lifestyle that’s both luxurious and functional. Schedule your private showing today and experience the magic of Epperson Ranch for yourself!

Estimated
Seller's interest rate
2.8%
7%
Estimated
Principal & interest
$1,590/mo.
$2,488
You may also save up to $291,625 in total interest paid.
Listing price
$589,000

Your cash down payment
$226,883
Seller’s estimated current equity is $226,883
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with a 2nd mortgage.
Estimated $1,590 monthly payment

Financed
$362,116
Assumed mortgage 2.8% • Seller's rate
$362,116
2nd mortgage 9.25% • No prepay penalty
$0

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Size
2,606 sqft
Lot size
0.11 acres
Year built
2021
Type
Single Family Residence

Source: STELLAR #d6138048

Loan
Remaining term
27 years, 1 month
Rate
2.8%
Monthly P&I
$1,590
Remaining loan balance
$362,116

Source: Public records

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?

expand content

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?

expand content

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?

expand content

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?

expand content

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?

expand content

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.

View all FAQs
Last updated: Oct 30, 2024 12:00 pm
Listing agent: Michele Edling (850) 499-5806
Listing provided courtesy of: LPT REALTY (877) 366-2213
Details provided by STELLAR and may not match the public record.
MLS ID: #d6138048
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2024 MLS GRID. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,590/mo
View details