8057 Eastern Circle Dr, Brooksville, FL 34613
2 beds · 2 baths · 1,318 sqft
Seller found a new home and is motivated to sell This turnkey two-bedroom house features a bonusroom/office that could easily be converted into a third bedroom. It boasts two full bathrooms. The spacious eat-in kitchen boasts a large island, ample cabinet and counter space, and a convenient laundry closet with a full-size washer and dryer. The living room is open to the kitchen, perfect for entertaining. The master suite features a large double closet that runs the length of the wall and ceiling fan, a roomy master bath with a walk-in shower and built-in seats, and a guest bedroom with a ceiling fan and plenty of room for guests to spread out. It's conveniently situated next to the main bathroom, which offers a bathtub/shower combo fully equipped with handrails for safety. The cozy covered front porch is perfect for enjoying a morning coffee and watching the birds. The screened-in lanai provides another great area for entertaining, just off the carport. The huge attached shed offers ample storage and tool space. The house is located in a sought-after active 55 and older golf community that offers a community pool, tennis courts, a restaurant, and more. You own your own land, and the HOA fee is a low $44 per month. Some Upgrades include a new vapor barrier, hvac still under warranty, water softener, monthly pest control, new screened lanai just to name a few. The house next door is also for sale, making it ideal for mother-daughter situations.
Source: STELLAR #TB8367338
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.
Have questions? Email support@withroam.com
Source: Public records
Source: STELLAR #TB8367338
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.
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