1954 SE 23rd Ter Homestead, FL 33035
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About this home
Amazing corner town home with 4 bedroom, 3 bathroom with a 1 car garage located in a highly desired and gated community of Arbor Park at Keysgate. The house features a spacious floorpan, tile flooring throughout the living area, updated kitchen with granite counter, cooking island, cabinetry and stainless steel appliances. Bedrooms are on the second floor with wood flooring. The Master bedroom is huge with a walk in closet, dual sinks, separate walk in shower and Roman tub. This home also offers impact windows on 2nd floor, washer and dryer available inside! Nice fenced yard for entertainment and barbecues! Lots of amenities in the community including, clubhouse and pool.Located minutes away from the Airbase, baptist hospital and easy access to the Highway.
Source: MIAMIRE #A11881282
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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.
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