923 Cape Cod Cir Valrico, FL 33594
Your savings
About this home
PART OF THE CURRENT MORTGAGE IS ASSUMABLE AT 3.5 % YOU WILL SAVE THOUSANDS IN INTEREST!!! MOTIVATED SELLER!!!! If you are looking in central Florida for a home do not miss your opportunity to own one of the largest lots in this neighborhood! It is a huge oversized corner lot in the gorgeous Copper Ridge Community in Valrico Florida. It is less than a 15 minute drive from the Brandon Town Center Mall, movie theatre, hospital, HWY I-75 and so many desirable restaurants!!! Being only approximately 30 minutes from Tampa International Airport makes traveling easier. This charming 4 bedroom 2 bath home has much to offer. This home comes with a 1 car garage and a quaint front porch. The master bedroom has a master bathroom with a shower and tub combo! It is on the first floor with the kitchen, dining and living room area. When you go upstairs there are 3 generously sized bedrooms with unique ceiling layouts. There is beautiful tile and wood floors throughout the home. The home backyard features a screened patio and a fenced yard with customer dog peep holes! Again with this size lot you have plenty of space and many opportunities! Come check it out !!!
Source: STELLAR #TB8436571
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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.