Welcome to 5214 Villagebrook Drive, a BEAUTIFULLY UPDATED home with STUNNING, PRIVATE BACKYARD VIEW in Westbrook Estates, one of Wesley Chapel’s most prime locations! Offering 2626 square feet of living area and a HIGHLY FUNCTIONAL LAYOUT. With four bedrooms plus a DEN/STUDY there is room for the whole family! Step inside the double front doors to high ceilings, large windows and LVP flooring throughout the home. The spacious office is located towards the front of the home and features double glass French doors and gas fireplace. The dining room is perfect for hosting meals with family and friends and has a convenient pass through to the kitchen. The LARGE KITCHEN is the star of the home with upgraded cabinets, crown molding, granite countertops, NATURAL GAS 6 BURNER COOK TOP with griddle, double oven, built in microwave, double spice racks, stainless steel appliances, kitchen island and large breakfast bar overlooking the family room and backyard. Treat yourself to a chef’s kitchen complete with POT FILLER, an abundance of cabinets & countertop space, pull out pantry drawers, and pot & lid pull out drawer. Enjoy the custom gas fireplace with built-in shelving and triple sliding glass doors that showcase the brick paver patio and private backyard. Expansive primary suite primary suite features views to the backyard, private patio access, two walk in closets and updated ensuite bathroom with dual vanities, separate tub and shower. Secondary bedrooms and bathrooms are in a separate wing of the home. The back secondary bedroom can function as another primary bedroom with its walk-in closet and ensuite bathroom. Major updates to this home include roof (2021), AC (2022), tankless water heater (2021), windows & sliders (2019), plus water softener. Step outside to a large, private backyard with brick paver patio. Additional features include an oversized 2-car garage and NO flood zone. Westbrook Estates offers many amenities including a community pool, basketball court, tennis court and playground with LOW HOA and NO CDD! Conveniently located near shopping, dining, schools and quick access to I-75! Schedule your showing today!
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.
