1706 Erin Brooke Dr Valrico, FL 33594
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About this home
Welcome to your charming new home on a peaceful cul-de-sac in the Brentwood Hills Community. This meticulously maintained 3 bedroom 2 bath 2 car garage residence sits on a 5661 square foot lot with a large back yard, freshly painted exterior and newer roof that was replaced in 2020. For peace of mind, the roof comes with a lifetime transferable warranty from Owens Corning, the windows are outfitted with Wayne Dalton Fabric Shield hurricane protection and there is a hardwired exterior Night Owl security system. Upon entering this home, you are greeted by the light airy open concept living and dining room with vaulted ceilings, leading to a kitchen with new Shaker cabinets, microwave and dishwasher. The master suite is a true retreat with vaulted ceilings and a large bathroom with two walk in closets. The remaining bedrooms are the perfect size for an office, children’s bedroom or guest bedroom and each has a walk-in closet of its own. Owners enjoy access to a community center with numerous amenities including a resort style pool, splash pad, grill area, two playgrounds, two dog parks, basketball court, tennis/pickleball court, and soccer field all while paying no CDDs and a low HOA fee. This home has a prime location near shopping, dining, professional sport venues, and all the central Florida theme parks. Schedule your tour today!
Source: STELLAR #TB8400892
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.