9034 127th Ln, Seminole, FL 33776
3 beds · 2 baths · 2,135 sqft
NO FLOOD INSURANCE REQUIRED This home survived Hurricanes Milton and Helene completely untouched and NO HOA! You will fall in love with this move-in-ready home in the heart of quiet Seminole.This beautiful 3 bedroom 2 bath, 2 car garage ,large laundry room, stunning pool home with 2135sf home is situated on a quiet street surrounded by lush landscaping. The home includes a large entertainment room that can be turned into 4th bedroom, library or art studio.Located in the highly desired Pamela Estates/ Oakhurst Acres is a slice of paradise waiting for you to add your personal touch and make it your dream home. As you step in this abundantly spaced home with plenty of room for family and friends large gatherings the backyard views are breathtaking and facing west for stunning sunsets.Walk out into your screened in lanai and enjoy your piece of paradise with brand new tropical landscaping and view of the pool. Privacy fence surrounds your property, perfect for hosting pool parties and cooling off in the hot summer months. New Landscaping and irrigation 2024,Pool Equipment 2024, Baseboards and Crown Molding 2024 , Outdoor Electrical 2024.Many other features and upgrades were done recently.A full list of updates can be found under attachments and enjoyed by seeing this gem in person. Upgraded Kitchen and stone counters in 2022 with a breakfast bar, dining area and separate buffet/ coffee bar with built-ins blend seamlessly with the large Family room overlooking the backyard. Inside laundry room with a large utility sink and plenty of cabinet space. The master bedroom showcases a large dual closet, crown molding with a ensuite recently updated.The secondary bedrooms are generous in size with plenty of closet space and natural sunlight and are separated by a recently remodeled bath. This well maintained One Level Ranch style pool home built in 1976 has it all! Enjoy easy access to pristine beaches, shopping and dining but have the peace of mind knowing you are in a non-evacuation zone X providing safety if there are concerns of storms. No Flood Insurance Required!
Source: STELLAR #TB8362794
Source: STELLAR #TB8362794
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “Save search” 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 620, 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.