***This home qualifies for 0% down and NO PMI*** Welcome to this stunning 4-bedroom + den/office, 3 full bathroom, and 3 car garage gem! This home has a NEW ROOF (2024) and NEWER AC (2023) & is nestled on a wooded lot, with a custom-built fire pit & sitting area, along with a covered, tall, and screened lanai that promise breathtaking sunsets right from your backyard! This exquisite one-story home invites you to experience comfort and elegance with its spacious layout and split bedroom floor plan that offers the perfect blend of privacy and luxury. Upon entering the home, you'll be greeted with a large foyer and double doors that open to a sunny and bright office/den. You'll love the neutral colors and rounded arches in the living and dining room! The primary bedroom offers tray ceilings and a view of the beautiful backyard. Enjoy the primary en-suite bathroom complete with garden tub, separate walk-in shower, private commode, split vanities with double sinks, and a huge walk-in closet! Step into the heart of the home—a chef’s paradise, featuring modern appliances, ample counter space, a ton of cabinets, and a closet pantry. Eat at the bar top or in the adjacent nook overlooking the family room and lanai, which makes the space perfect for entertaining! You'll find 2 additional bedrooms with built-in closets and a full bath just off the rear of the kitchen, along with the laundry room and exit to the 3-car garage. Bedroom 4 is located in the rear of the home with a built-in closet and private full bathroom. This bathroom has an exit door to the backyard, making it "pool bath ready!" Outside, your private backyard oasis awaits! Enjoy morning coffee or unwind in the evening under the screened and covered lanai. You'll also love to light the fire pit on chilly evenings this fall and winter season! This home is located in the Oak Creek subdivision, which offers beautiful scenery and mature oak trees. Oak Creek offers resort-style amenities, including a sparkling swimming pool, basketball courts, playground, and a dog park. Conveniently situated near the BRAND-NEW SUPER TARGET, upscale shopping at Wiregrass Mall and the Premium Outlets, along with an easy drive to downtown Dade City; this property offers everything you need to embrace the Florida lifestyle. Don’t miss your chance to make this extraordinary retreat your forever home! Schedule your private showing today and step into a world of beauty and comfort! This beauty won’t last long! ***This home qualifies for 0% down and NO PMI-down payment assistance available for first time home buyers. - see attachment.
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.
