4127 Broad Porch Run Land O Lakes, FL 34638
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About this home
One or more photo(s) has been virtually staged. ASSUMABLE VA MORTGAGE AT 3.625% INTEREST RATE. Beautiful DAVID WEEKLEY home in the award-winning community of Bexley. This tastefully designed Energy Efficient home spares no detail! As you walk into your grand home enjoy the attention to detail and marvel at the quality of construction with Luxury Upgrades including Engineered Wood Floors, Recessed Lighting, ENERGY EFFICIENT DOUBLE PANE and IMPACT WINDOWS, HURRICANE SHUTTERS and PLANTATION SHUTTERS throughout the house. The Elegant and Functional Kitchen is designed with a Chef in mind and features a Farmhouse Sink, Granite Counter Tops, 42" Soft Close Cabinets and Drawers, Custom Backsplash, Stainless Steel Appliances, Walk-In Pantry, Lazy Susan Storage and an Oversized Breakfast Bar with Stylish Pendant Lighting and NATURAL GAS Cooktop. The Granite continues throughout the upgraded bathrooms in the home. In addition to a guest bathroom, this home has two additional EN-SUITE BATHROOMS. The Master Suite Bathroom includes a Transom Window providing abundant natural light, Large Walk-In Shower, Dual Sinks, Upgraded Mirror, Lights, Fixtures and Pulls. The Master Bedroom is part of a Split Bedroom Floorplan and features an Expansive Walk-In Closet and Volume Tray Ceiling. The Living Room has Engineered Wood Floors, Recessed Lighting and Upgraded Ceiling Fan that matches the other fans in the home. The 3-Car Garage is Over-Sized with plenty of storage space which extends into the above garage attic. Experience Resort Style Living in this Golf Cart Friendly Neighborhood with 2 Resort Style Pools, Fitness Center, Parks, Trails, BMX track, playgrounds, Clubhouse with Café and indoor and outdoor fireplaces with beautiful lake views. TOP RATED SCHOOLS include Bexley Elementary within walking distance. LENDER INCENTIVE/CONCESSION AVAILABLE FOR BUYERS. Call for details. VISIT OUR 3D TOUR.
Source: STELLAR #TB8441555
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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.