16972 Oval Rum Dr Wimauma, FL 33598
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About this home
Short Sale. Enjoy RESORT STYLE LIVING in the established GATED COMMUNITY of Southshore Bay! Built in 2022, you will find all the newer benefits of comfort and fun! Presenting FOUR BEDROOMS and THREE FULL BATHS, this two-story concrete block home welcomes you to nearly 2,800 sq feet of GORGEOUS open concept living perfect for any lifestyle! Step into the oversized foyer to find tall ceilings and a bright and airy design. The kitchen is well-appointed with GRANITE COUNTEROPS, COMPLETE STAINLESS STEEL APPLIANCE PACKAGE, and a generous island and breakfast bar opening to the large dining area and panoramic view. The thoughtfully designed layout allows for the GREAT ROOM to flow naturally from the kitchen and dining area, making this an easily functional space. The front bonus room is perfect for an office / study or a formal living space. A true split floor plan, this home is suitable for a variety of living or guest arrangements. The large primary retreat with WALK IN CLOSET and tons of natural light also offers a primary EN-SUITE with dual sinks, tall countertops, walk-in shower, and a GARDEN TUB. Also located on the second floor are the spacious 2nd and 3rd bedrooms with separate laundry room for added convenience. The GIANT LOFT is excellent for a student study area, game or media space! The 4th bedroom is located on the main floor easily accommodating extra privacy for guests or second generational living. The outdoor living possibilities are endless here! Situated on a PREMIUM LOT WITH NO REAR NEIGHBORS, you will find extra space on either side. With tons of EXTRAS, this home also comes equipped with an automated SMART HOME package and is in a ULTRAFi community hosting ultra-speed Wi-Fi throughout. CABLE AND INTERNET ARE INCLUDED IN THE LOW HOA FEE, reducing your monthly bills even MORE! Southshore Bay residents can take advantage of the paradise-like neighborhood featuring the world’s top amenity: a multi-acre CRYSTAL LAGOON with a swim-up bar and restaurant for endless fun that lets you live like you are on vacation! Cabanas, sandy beach areas, a playground, dog park, zen garden, walking trails, golf cart paths and more! Meet friends and neighbors easily at one of the many community events and celebrations. Commuting is easy with access to major roads and highways. Downtown Tampa is less than 30 minutes away while Tampa International Airport, highly esteemed colleges and universities, a newly built VA Medical Center, state-of-the-art health care, world-champion sports leagues, magical theme parks and world-famous beaches, museums and nature preserves are all just an easy car ride away. Take advantage of this Florida lifestyle now!
Source: STELLAR #TB8401458
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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.