11408 Coventry Grove Cir Lithia, FL 33547
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About this home
Welcome Home to Fishhawk's highly sought after community of Channing Park! Fall in love with the thoughtful design of the Pinehurst model by Taylor Morrison. The open and split floor plan will impress you upon entering with a welcoming foyer and signature rotunda adding a touch of elegance to the flow of the home. Featuring 3 bedrooms, 2 baths, an office and roomy kitchen complete with cozy breakfast nook. The home chef will adore the the well appointed kitchen with soaring maple cabinets, pantry, stainless steel appliances and bar seating perfect for everyday living and entertaining. The primary suite is conveniently tucked in the rear for privacy and appointed with large walk-in closet and ensuite with double vanities, separate shower and soaking tub. Take off the day and relax on your screened lanai with hot tub overlooking the expansive backyard. Channing Park offers an impressive array of resort-style amenities, including a clubhouse with a fitness area, resort-style pool, splash pad, dog parks, a half-basketball court, tot lot, volleyball court, flex fields, a skate park, and more. Zoned for Top Rated Schools and close to major roadways to make your commute a breeze to Tampa, MacDill and the Airport. You will also enjoy amazing local dining, shopping and entertainment. This home is a must see, schedule your private tour today and say yes to the address!!
Source: STELLAR #TB8384901
Loan details
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Close stress-free in 45 days, handled start to finish by Roam.
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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.