8 Mimosa Ct E, Homosassa, FL 34446
4 beds · 3 baths · 2,775 sqft sqft
Discover the epitome of Florida living in this magnificent pool home nestled in the highly sought-after community of Sugarmill Woods. Spanning 2,775 square feet, the residence features a thoughtfully designed split floorplan with an open concept perfect for modern living. The home offers four spacious bedrooms and 2.5 bathrooms, including a huge primary suite with tray ceilings and a luxurious ensuite. Updated luxury plank flooring runs throughout, adding a modern touch. The gourmet kitchen is a highlight, equipped with new LG appliances, quartz countertops, and a center island. Adjacent to the kitchen, a formal dining room provides an elegant space for more intimate gatherings, while a separate dining area near the kitchen overlooks the pool, making it ideal for entertaining. Slide back the triple accordian sliding doors and step outside to the large lanai, where you can relax and enjoy the serene views of the lush landscaping and greenbelt behind the home. The Diamond Brite salt pool, heated with solar panels, ensures year-round swimming and was refinished in 2020. Recent upgrades include new windows throughout the home (2022), a Culligan Reverse Osmosis water filtration system, and Culligan water softener system The roof was replaced in 2016, and a new hot water tank was installed in 2022. This meticulously maintained home and peaceful, private lot offers a picturesque setting with its greenbelt and tropical surroundings, making it a true oasis. Don’t miss your chance to experience this exceptional property!
Source: STELLAR #w7867969
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #w7867969
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 30-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: #w7867969
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.