7988 Ravenwood Cv, Spring Hill, FL 34606
3 beds · 2 baths · 1,701 sqft sqft
Are you looking for a home that offers accessibility for commuting? Nearby amenities including medical, shopping, restaurants and fun spots such as Weeki Wachee Springs State Park, Hernando Beach, Pine Island to name but a few, then this home is centrally located in the Berkeley Manor community off US-19 in Spring Hill! What's more is that this home has a Pool! Get your swimwear at the ready! As you approach the home, you notice the mature shrubs that frame the exterior path that leads up to the home. As you walk the paved driveway, don't miss the Garage Screen Door! Entering the home, look up to the tall ceilings, wood beam and straight ahead to the wood burning fireplace for those cozier winter evenings. The sense of space within the Living and Dining area is great for entertaining! The kitchen benefits from ample counter space, a separate breakfast area and even a small built-in desk! You can work, cook and chat with family and guests all at the same time! Thinking about relaxing? Then how about taking a dip in your pool? The pool, which is Solar heated, under the screened in pool cage, and with a spacious outside seating area to accommodate loungers, chairs, BBQ and more! The 3-Bedrooms and 2- Bathrooms are split plan and the home benefits from an interior laundry, leaving ample room in your 2-Car Garage!**Seller is offering $15,000 in concessions for the Roof** Within 20 minutes of the Suncoast Parkway and minutes to the US-19, your commute to Tampa is within 90 minutes. Give me a call to schedule your tour!
Source: STELLAR #u8253928
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #u8253928
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: #u8253928
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