718 Tanana Fall Dr Ruskin, FL 33570
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About this home
Buyer Incentive: Assumable VA Loan at 2.75%! Take advantage of this amazing opportunity to assume the seller’s VA mortgage with an incredible 2.75% interest rate (subject to lender approval). Save significantly on monthly payments compared to current market rates. Welcome to your dream home!!! This stunning 3-bedroom, 2-bathroom home offers a perfect blend of elegance and functionality. As you step inside the large open foyer, to the right, you'll find a versatile office/flex room, perfect for a home office or creative space. Just beyond that, you will see the formal dining room area that sets the stage for intimate dinners and gatherings. The heart of the home is the spacious living area, located at the back of the house, where large sliding glass doors frame breathtaking views of the lake (Not in a Flood Zone). The open-concept kitchen and living space make entertaining effortless, seamlessly blending style and comfort. The Kitchen also has a large custom Built Island. Step outside to the expansive enclosed lanai, where you can relax and enjoy the beauty of your fenced-in backyard with picturesque water views. The owner’s suite is a true retreat that also has amazing lake views. The owner's suite bathroom features a garden tub, separate shower, dual sinks, and 2 walk-in closets. Additional features include a newer Hi tech 18 Seer AC Unit with ultraviolet germicidal light. The AC system was valued at $24,000, and Hybrid Water Heater (A hybrid water heater combines everything we love about a traditional water heater with the benefit of an energy efficient heat pump. This home is a rare gem, offering comfort, style, and stunning views. Don’t miss the opportunity to make it yours—schedule your private tour today!
Source: STELLAR #A4644527
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Close stress-free in 45 days, handled start to finish by Roam.
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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.