9171 82nd Way, Seminole, FL 33777
3 beds · 2 baths · 1,399 sqft
Under contract-accepting backup offers. Seller is motivated, and has a 3.875 assumable FHA mortgage for those who qualify. This mid century modern beauty is a must see at a great price! Great curb appeal welcomes you with the large covered porch and double entry doors surrounded by plush landscaping. You enter into the open floor plan with a large, updated kitchen with newer stainless steel appliances. Plenty of room for your dining table as well as four counter height seats at the breakfast bar. Step down into the living room to sit by the fireplace and enjoy family and friends. Off the hallway from the living room is the walk in laundry room with newer washer and dryer. Continue to the Primary bedroom with walk in closet, and a built in desk. The primary bath boasts a large soaking tub to relax in and a built in vanity. This split plan has 2 additional bedrooms with wood look flooring, painted in nice neutral colors. They share the adjacent hallway bathroom with full tub. Step outside to the large backyard ready for entertaining. The large concrete patio has plenty of room for tables and chairs and the firepit near by. The building updates include 2016 roof, 2017 HVAC, and 2021 Water Heater. Near to schools, 7 miles to the beach, 4 miles to Seminole City Center and centrally located to US-19, Alt-19, and 275. Come see this well maintained move in ready home that offers something for everyone.
Source: STELLAR #u8254193
Source: STELLAR #u8254193
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: #u8254193