Welcome to 5839 Silver Sun Drive, a sanctuary of comfort and warmth nestled in the heart of Apollo Beach's prestigious Waterset community. Priced at $450,000, this captivating 4-bedroom, 2-bathroom residence spans 2,018 square feet of meticulously designed living space, offering an exquisite blend of functionality and style. Solar panels grace this home, promising a low electric bill and an environmentally conscious lifestyle. Step inside and feel the open flow of the thoughtfully crafted floor plan. Sunlight pours through the windows, bathing the inviting living area in a warm, natural glow. Imagine hosting lively gatherings or enjoying quiet evenings in this serene setting. The kitchen, seamlessly integrates with the living space, fostering a sense of togetherness. Picture preparing meals in a space that inspires creativity and connection. The master suite is a true retreat. Imagine unwinding in the luxurious bathroom, and discover an amazing closet designed to accommodate and organize in style. Visualize mornings on the charming front porch, where you can savor your coffee while engaging with friendly neighbors. The quiet street hums with peaceful evenings, a perfect backdrop for relaxation. For more private moments, the screened back lanai offers a tranquil escape, ideal for enjoying Florida's delightful weather year-round. Located just moments from the sportsplex and local amenities, this home situates you perfectly for both adventure and convenience. Waterset, a highly sought-after master-planned community, boasts unparalleled amenities. Envision yourself lounging by the resort-style pool, engaging in spirited games of pickleball or tennis, or exploring over 12 miles of scenic walking trails. The clubhouses and fitness center provide endless opportunities for recreation and connection. Apollo Beach, a charming boating town, offers everything you might need, from quaint local shops to essential services. Its central location ensures easy access to airports, MacDill Air Force Base, amusement parks, and hospitals, making it a prime choice for any lifestyle. This home is not just a residence; it's a gateway to an enriched life. Imagine the confidence you'll feel knowing your investment is in a community that values quality and connection. Picture the warmth of a supportive neighborhood that welcomes you with open arms. Experience the inspiration that comes from living in a place where every detail encourages a life well-lived. Moreover, with a 2.5% assumable FHA mortgage, this home offers a huge money-saving opportunity. Come explore 5839 Silver Sun Drive, where every moment is a step toward your dream lifestyle. Schedule your visit today and see firsthand the allure of this exceptional property.
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.
