10937 Penny Gale Loop San Antonio, FL 33576
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About this home
INCREDIBLE OPPORTUNIY - Seller OFFERING A CREDIT to the Buyer PLUS there is an Assumable Mortgage at only 2.5%!!! AND you get to live in the Highly Desirable MIRADA LAGOON COMMUNITY! Mirada offers a Truly Unique Lifestyle with its STUNNING 15-ACRE LAGOON, perfect for peaceful living! Enjoy swimming, kayaking, paddleboarding, and scenic nature trails for walking, running, and biking. There's also a playground and dog park for added enjoyment. With so much to offer, MIRADA is more than just a home— it's a way of life! This popular SMART HOME floor plan features an OPEN-CONCEPT living space on the first floor, ideal for gathering with family and friends. Upstairs, you'll find 4 spacious BEDROOMS, along with a versatile LOFT area. The property is already FENCED ON BOTH SIDES, providing Privacy while still offering a Beautiful View of the serene pond behind the home. SOLAR PANELS will be COMPLETELY PAID OFF by the sellers, so you can move in and immediately start enjoying the benefits of lower electric bills. UPGRADES throughout include a CUSTOM FEATURE WALL in the Dining Area, a Gorgeous NEW BACKSPLASH, a Farmhouse Sink and Faucet, NEW STAINLESS-STEEL APPLIANCES, and a WATER SOFTENER. The quarterly HOA fee includes high speed internet and cable for your convenience. Don't miss out on this Incredible Opportunity to live in one of Florida's most sought-after communities!
Source: STELLAR #TB8370732
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FAQs
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.