Come see this stunning one-of-a-kind pool home situated in the heart of Temple Terrace! From the moment you arrive you will appreciate this home's character accentuated by its oversized corner lot, circular driveway, & courtyard paver entryway. Step inside through the elegant leaded-glass front door to a welcoming foyer that sets the tone for the home. With just under 3,000 SqFt of living area the spacious floor plan includes 4 bedrooms, 3 bathrooms, living room with gas fireplace, formal dining room, expansive gourmet kitchen, & bonus room that offers the perfect flex space and could be used as an office, playroom, exercise room, etc. If you love to cook, then look no further! The spacious eat-in kitchen features granite counters, island with propane cooktop & Miele vent hood, solid wood cabinetry with under/over lighting, upgraded appliances including KitchenAid refrigerator, JennAir oven & microwave, Bosch dishwasher plus additional Fisher Paykel wood panel dish drawer. One of this home's features that sets it apart is having TWO PRIMARY SUITES each with its own ensuite bathroom, which offers flexibility for multi-generational living or enhanced guest privacy. The main primary suite features a large walk-in closet & glass panel French Doors leading out to pool area. Main primary bathroom has spa-like feel with free standing soaker tub, walk-in shower with dual shower heads, granite counters with dual sinks, & additional powder room with pedestal sink & bidet. Step outside through the NEW GLASS PANEL FRENCH DOORS to your private backyard oasis! Enjoy relaxing or swimming laps in the screen enclosed 45 FOOT LAP POOL which is heated with both solar AND heat pump for year round use. In addition to the lap pool, there is an ABOVE GROUND SPA added in 2022 for maximum relaxation! SHINGLE ROOF REPLACED 2017. WATER HEATER REPLACED 2022. Dual zoned HVAC systems, with one AC SYSTEM REPLACED 2023 & second system replaced in 2015. Other features include double-pane insulated windows, whole house generator, two propane tanks, paver walkway, & 7 foot privacy wall. Don't miss this opportunity to make this home your own!
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
