9638 LEMON DROP LOOP, Sun City Center, FL 33573
One or more photo(s) has been virtually staged. Beautiful Lennar Home, Model Annapolis in the desirable community of Belmont, is one of the best and built in 2020. This 3/2 open floor plan home with a spacious living room & sliding doors facing the covered patio with pavers for those relaxing Florida afternoons. Great kitchen cabinets with added crown moldings, plenty of space, large granite countertops for those family gatherings or special holidays, stainless steel appliances (Gas Range & Gar Water Heater) that you will enjoy and a good size pantry for all your groceries. Comfortable master bedroom, master bath with dual vanity, large walk-in closet. Also good size secondary bedrooms with great sunlight. 2-car garage, driveway has decorative pavers at each side, the home is equipped with hurricane shutters. Miles of walking/running/cycling trails, lined with birds, beautiful nature through and around this community that offers resort style pools & amenities such as tennis courts, basketball court, playground, dog park & much more. Neighboring Waterset that often offers concerts open to all. Near to the highway for easy access to Tampa, St. Pete, Sarasota, airports, hospitals, grocery stores, restaurants, beaches, theme parks. This home is just like new. Don't miss this great opportunity, this home awaits for you.
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #t3545735