2763 Valencia Grove Dr Valrico, FL 33596
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About this home
Very charming home in desirable Buckhorn Groves community. This very spacious home has 2468 sq ft of living space with four bedrooms, three full bathrooms, formal living and dining area and a very large family room, great for entertaining. The front bedroom is tucked away in its own quarters with a full bathroom, a walk in closet and privacy making it a great area for an in-law suite. The kitchen is off the family room and has plenty of space for more than one cook. You will find a closet pantry, a built in desk area and a gas stove which always makes the food taste better. Other great features you will find in the home include inside laundry room with a utility sink, separate dinette area, blinds and ceiling fans throughout the home, sliding glass door that leads onto the oversized screened in lanai, a two car garage, rain gutters and an irrigation system. Roof and AC were replaced within the past 4 years. Call for your private showing today
Source: STELLAR #L4956383
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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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