PRICE REDUCED! Experience grandeur in this stunning multigenerational home within the exclusive Renaissance Country Club neighborhood. This spacious unique home includes THREE BEDROOMS PLUS DEN and is packed with rare upgrades. The den can also be used as your third bedroom on first floor. Don’t miss your chance to own a piece of paradise in this incredible retirement community! All reasonable offers will be considered. A covered entrance leads into the large foyer. The den/office has upgraded stained glass French doors and is adjacent to the guest suite. The chef's kitchen boasts of an abundance of 42-inch wood cabinetry, NATURAL GAS STOVE, stainless appliances, granite countertops with backsplash, and a dual stainless steel sink, water softener system loop, and a reversed osmosis water system. The dinette has a view of the fifth green of Renaissance Golf Course, with sliding doors leading out to the lanai. You will love the spacious master suite with a tray ceiling, two walk-in closets, double sinks, and a fabulous shower with dual shower heads; a TV is included. The master includes handicap accessible features. All three bathrooms have GRANITE COUNTERTOPS. The great room is embellished with high ceilings, PLANTATION SHUTTERS, and remote-controlled blinds. It has a view of the golf course, includes a large screen TV, custom artwork, and a built-in SURROUND SOUND system. The living area has tile flooring and bedrooms are carpeted. Home includes 8 ceiling fans. A unique feature that sets this home apart from others is the private second-floor suite. Complete with a chair lift for those with limited mobility, the suite has its own full bathroom, walk-in closet, and sliding doors to a second lanai that overlooks the golf course. There is also a SECOND AC SYSTEM for upstairs suite. This spacious suite offers many options for prolonged guest visits, caregivers, or grandchildren. Other ideas for this multipurpose suite: craft or sewing room, home theatre, or exercise studio. As a bonus, both lanais have AC units so that they can be used year-round! Lots of storage! Note the EXTRA STORAGE SPACE under the stairway. The laundry room has a sink, storage, and room for a cabinet, folding table or shelves. The two-car garage with keypad has GLADIATOR STEEL CABINETS, and the lights outside the garage have an attention flashing feature for emergency vehicles to spot at nighttime. Security features include gated front entry, electronic peephole, RING DOORBELL a spotlight and motion detector, lightning rods to protect the home during storms, HURRICANE IMPACT WINDOWS, and a WHOLE HOUSE GAS GENERATOR. The curb appeal of this home is enhanced by the brick paver driveway/walkway and decorative concrete landscape curbing, mature landscaping, a newer irrigation system, and a lighted flag pole. Roof (2020) AC Sanitizer (2013). The Renaissance neighborhood includes upgraded amenities in addition to those of Sun City Center. Enjoy the Mediterranean-style clubhouse with fine dining and bar to entertain your guests. A social or golf membership is required. Sun City Center is a golf cart community located just off I75 and within one hour of three international airports, professional sporting events, amusement parks, and beautiful beaches. It is located between Tampa and Sarasota. Come enjoy he hundreds of clubs and activities, pools, fitness centers, pickleball, tennis, softball, golf, and so much more. Membership (social) to Renaissance required.
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.
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.
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
