16671 Kingman Reef St Wimauma, FL 33598
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About this home
One or more photo(s) has been virtually staged. Just hit the market in Creek Preserve, Wimauma! This solar-powered home is a dream come true, boasting 4 bedrooms, 2.5 bathrooms, a 2-car garage, and two stories of spacious living. Nestled in the desirable Creek Preserve community, this home is a perfect blend of style, comfort, and modern convenience. As you step inside, you'll be greeted by an open-concept main floor. The living and dining room combo flows effortlessly into a stunning kitchen, complete with granite countertops, stainless steel appliances, a walk-in pantry, and a breakfast bar. It's the perfect space for entertaining or just everyday living. A handy half bath rounds out the downstairs layout. Head upstairs and you'll find a versatile loft area. It's the perfect spot for a home office, playroom, or a second lounge. The roomy primary suite features a walk-in closet and a luxurious ensuite bathroom with dual vanities and a walk-in shower. Three additional bedrooms, a full bath, and a laundry room complete the second floor. One of the standout features of this home is the assumable solar panels, which help keep energy bills low. And here's the cherry on top—this home isn't in a flood zone and comes with hurricane shutters for added peace of mind! The community amenities are sure to impress, with a sparkling pool, basketball court, and a fun-filled playground. There's something for everyone! Situated in the growing area of Wimauma, you'll love the peaceful surroundings and convenient access to shopping, dining, and major roadways. Don't let this move-in ready gem slip away—schedule your private showing today!
Source: STELLAR #TB8408572
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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.