This is it! Charm, character and a complete remodel of this 3BR+Bonus room with inviting wrap-around front porch with distant view of Lake Weeks - literally minutes away to the public boat ramp where fun awaits! This split bedroom plan is fresh and ready for you with newly textured and painted walls and ceilings, new ceramic wood plank look flooring throughout along with new fans and light fixtures! Wide open kitchen with new white Shaker-style cabinetry, granite tops and newer stainless appliances! The main bath features a new vanity, mirror, light fixture and refurbished tub. The bonus room is equipped with a closet and could be utilized as a fourth bedroom or use as an office, playroom/hobby room, in-home gym or you name it! In addition to the expansive front porch there is also back screened lanai and patio, as well as a new 2024 climate controlled shed for all your personal extras - no need to pay for a storage unit as you have your own! You will love the larger than normal lot with white vinyl fencing in the backyard. Also brand new in this fantastic home is the HVAC and duct work, new roof, insulation and exhaust fans for both bathrooms. Most windows were replaced in 2019 and the home was re-piped in 2015. The home is equipped with a water conditioning system which has a new iron filtration media, and is set up with a generator hook up in the main electrical panel - pretty much everything has been thought of here! Plus no CDD, HOA or water bill as this home is on private well and septic - making this home much more affordable! And lets not forget the convenience to I-4/I-75 making this location perfect for commuters with easy access to Tampa, Lakeland, Orlando and more! Make your appointment today to see this one of a kind home - you won't be disappointed!
413 Lakeview Ave, Seffner, FL 33584
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.
