27021 Cotton Key Ln Wesley Chapel, FL 33544
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About this home
SELLER OFFERING A 5K TOWARD CLOSING COSTS OR RATE BUYDOWN WITH A REASONABLE OFFER! Lovely and completely remodeled 3/2.5/2 in the established community of Seven Oaks! This sought after subdivision is located in the heart of Wesley Chapel and close to everything. Open floor plan with living/dining room combo. Both the kitchen AND bathrooms have recently been updated. NEW countertops in kitchen, cabinets with gold fixtures/faucet, stainless steel appliances and NEW backsplash, laminate flooring throughout. Backyard is completely fenced in with plenty of room for pets or play. Recessed lights, and plenty of windows to let in the natural light. Primary bedroom with en suite showcasing a garden tub to relax and stand alone shower. Walk in closet offers plenty of closet space with a California closet system for added storage and to stay organized! Additional bedrooms are a generous size and updated second bath! FRESH EXTERIOR PAINT, NEW WATER HEATER, ROOF IS 2023, AC 2020, Home is WIFI equipped with Alexa switches, outdoor/indoor security camera and alarm will stay. Seven Oaks is the ultimate in residential living with multiple playgrounds, RESORT STYLE pools with splash pad, tennis and basketball courts and community clubhouse. This jewel does not need a thing and MOVE IN READY!
Source: STELLAR #TB8418405
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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.