11321 Copley Ct Spring Hill, FL 34609
Your savings
About this home
2.75% ASSUMABLE MORTGAGE: Welcome home to the beautifully maintained and ACTIVE 55+ Community of Wellington at Seven Oaks. This home is situated on a cul-de-sac and includes a large eat-in kitchen, separate dining room, indoor laundry room, and three bedrooms, of which one is located right off the living area and offers flexible functionality as a den, study, or family room. Cathedral ceilings contribute to the spaciousness of this home. The kitchen includes a large breakfast area plus a breakfast bar overlooking the living area. The primary bedroom suite includes double vanities, and a convenient walk-in shower with a built in seat. A glass slider leads from the living room out to the screened and covered lanai offering a comfortable outdoor spot to relax. The lanai is equipped with a portable A/C unit that stays with the home. The roof was replaced in 2015 and HVAC in 2016. Community amenities include a beautiful club house with a restaurant, Olympic-size pool and hot tub, fitness room, meeting and computer rooms, tennis, pickle ball and bocce ball courts, horse shoe rings, and a library. No need to leave the community if you are looking for something to do as the community has events planned out every month (see calendar of events in attachments). Members of the community also organize their own gatherings. Spaces in the community center can be rented out for such events. The community has everything you need within a 5-10 minute drive including a hospital, grocery store, and numerous restaurants. Nearby, enjoy numerous golf courses or local attractions including Weeki Wachee State Park with its world famous Mermaids, Pine Island beach area, fishing piers, numerous boat ramps and kayak launch areas or take a short drive to Homosassa Springs State Park.
Source: STELLAR #TB8442388
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.