29774 Chapel Chase Dr Wesley Chapel, FL 33545
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About this home
One or more photo(s) has been virtually staged. Beautiful 3 bedroom PLUS Office, 2 bath home built by Taylor Morrison with NO CDD FEES! ASSUMABLE 3.5% FHA LOAN! This is the St Thomas floor plan. The home is bright and open with wood-look ceramic tiles throughout the main living areas and office. The double-door entry to the office is just off the entrance of the home. Plenty of space for a workstation, craft room or play room. The separate dining room is just off the kitchen. The stunning hall Rotunda separates the kitchen and secondary bedrooms that share the 2nd bath. The eat-in kitchen features quartz countertop and 42" upper cabinets with crown molding, dining nook for your kitchen table and full stainless steel appliance package including a glass cooktop with range hood, built in oven/microwave combo and french-door refrigerator. The kitchen is open to the family room - perfect for entertaining! The primary bedroom is located at the rear of the home and features an en-suite bath with garden soaking tub, separate frameless glass shower, dual sink vanity, separate WC and TWO large walk-in closets. Chapel Chase is located just south of the Wesley Chapel Community Park and minutes from area schools, the new St Joe's Childrens Hospital, Baycare, Advent Health and Orlando Health Hospitals, I75/275, Wiregrass Mall, Tampa Premium Outlets, dining, movie theaters and much more!
Source: STELLAR #TB8432407
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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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