7775 Abby Brooks Cir, Wesley Chapel, FL 33545
3 beds · 2 baths · 1,998 sqft
ASSUMABLE 5.125% INTEREST RATE! Buyers are encouraged to inquire for more details. Welcome to Life at the Lagoon! This cozy pond Florida view home has three bedrooms + a flex room/ home office, two bathrooms, a two-car garage and a screened in Lanai in over 2,500 sq. ft. (1,998 heated). Located on a pie shaped lot, in the popular Epperson Lagoon Community in Wesley Chapel. Upgraded with vinyl plank flooring in the main areas. The Drexel floor plan by Maronda Homes offers an open space with the kitchen overlooking the living room, dining area, lanai and the pond! The kitchen has black cabinets and granite countertops with vast space for cooking and seating for four in the breakfast bar. The dining area has room for a table up to 10 and is located next to the lanai. Slide that glass door open and you have the perfect space for indoor/outdoor gatherings. The primary suite has a large en suite bathroom with bathtub, separate walk-in shower and separate walk-in closet. The large yard overlooks the beautiful pond which faces east, therefore you'll have a perfect view of the sunrise. The lanai is screened-in so this is the spot to have a coffee in the morning and enjoy the tranquil view. By the way, this home has smart home features and wired for a security system of your choice. This cozy home is move-in ready! Life at the Epperson Community is like nothing else. This home is in close proximity to Publix Plaza at Innovation Springs (you can ride the golf car over), Starbucks and Chick Oil-A (coming soon). The Epperson HOA quarterly fee is only $237 per quarter and includes cable + the fastest internet in the nation, Ultra-Fi. The Crystal Lagoon Membership Fee is $137 per quarter. The closest Elementary Schools are Innovation Preparatory Academy, Watergrass Elementary School & Wesley Chapel Elementary. The Kirkland K-8 Charter School just a few blocks away and opening Aug. 2024! The closest middle school is Thomas Weightnman Middle School. The nearest high schools are Kirkland Academy of Innovation High School and Wesley Chapel HS. The community features “Street Leaf” (solar streetlights), home of the first Crystal Lagoon, where Residents have access to Elam Park & the dock at King Lake, Paddle Boarding, Kayaking, a Wibit Obstacle Course, Cabanas, AquaBanas, Sandy Beaches, Live Music Events, Swim Up Bar and Resident Only Events. The Lagoon is like an Outdoor Clubhouse. The Holiday/Seasonal Events include Trivia Night, Family Night, Movies on the Lawn, Sounds of Summer (live music series), Karaoke, Pumpkin Patch in November, Golf Cart parades, Cinco de Mayo Resident only celebration, Fourth of July Resident Only celebration and much more. The Epperson Community Amenities include an Eagle’s Nest Part, a dog park, and golf cart paths. This home is located about 10 minutes away from KRATE (the new outdoor mall), 35 minutes north of Downtown Tampa, 45 minutes from Tampa International Airport, and 90 minutes from Orlando and Walt Disney World. You are ready for LIFE AT THE LAGOON! Set up a tour today! Video tour available upon request. This home qualifies for an Assumable FHA loan. Restrictions apply.
Source: STELLAR #TB8320555
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Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #TB8320555
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.