LOCATION & STUNNING UPDATES!! This 4 Bedroom/4 Bathroom home has it all! NO HOA, NO CDD! You must see to appreciate the many TOP QUALITY UPGRADES in this versatile tri-level home sitting on almost one acre (.90 acre). New Roof in 2018, Newer AC and Hot water Heater updated in 2021, New Sprinkler System with Automatic Timer, All New Plumbing and Electric in 2021! The Oversized Kitchen, designed as the center point and heart of it all, it’s is a Chef's dream with Granite Countertops, matching backsplash and Newer Soft-close Shaker Style Cabinets. New Stainless Steel Appliances added in 2021 include: Induction Flat Cooktop, Microwave/Convection Oven, Smart Refrigerator, with Stainless Steel Vent Hood. You will LOVE the wall to wall Glass Room in the rear of the home that could be used as a HUGE Familyroom, Mancave, or Flex space for multiple uses! This home boasts a WIDE OPEN floorplan with plenty of space for Family gatherings and a large open Formal dining room. Gorgeous White/Gray accent tile flooring seamless throughout the kitchen, dining room and formal living area. Smart Home features include: Bluetooth Lighting throughout including Bluetooth speakers in the Bathrooms, Electrical Patio Door with remotes, new Front Door with modern safety features and Smart Lights throughout operated using an App. Enjoy 2 Primary bedrooms both with fully updated en-suite bathrooms. The main Primary Bedroom on the lower level that has been transformed into an Owners Private Quarters with the en-suite boasting floor to wall GORGEOUS White & gray accent TILE, modern accents throughout including a Freestanding Soaking Tub, Dual sinks with Waterfall Faucets, Gray Shaker Style cabinets with a HUGE walk-in shower and Barn Door leading to the OVERSIZED Closet. The stairs have waterproof laminate flooring leading to the 3 additional bedrooms including the 2nd Primary suite with updated en-suite bathroom and a nice size walk-in closet. The Garage has been converted to an office with over 400 square feet of space, you could create part of this area into a workout space/Gym or even create a 5th bedroom! The possibilities are endless. Outside, the nearly one acre of land offers a feeling of privacy, peace and tranquility as you drive down the long extended concrete driveway through the Automatic Electrical Gate, the property has a private vinyl fence with a HUGE Concrete area for additional parking as well as parking for 2 RV's. The RV area has TWO 30 AMP Hook-ups (can be used for EV car charging) configured for two RV’s and a septic tank! With entertaining family and friends in mind, you will love the Open Concept HUGE detached lanai with outdoor Fireplace, 85 Inch Smart TV, an outdoor Kitchen and an exterior 4th Bathroom for added convenience, and a Firepit area for nightly entertaining! The location of this home is perfect for a small business owner, on a super-sized CORNER lot on Kings Ave., across from Kingswood Elementary School, the property could potentially be converted to commercial for endless opportunities. Situated in the heart of Brandon, close to restaurants, shopping areas and entertainment with easy access to HWY 301, HWY 60, I-75 and the Crosstown Expressway. To the west, it's about a one hour drive to the best Gulf Coast beaches and the Orlando theme parks to the east. Hurry this one won’t last – request a private showing today!
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.
