1008 Old Field Dr, Brandon, FL 33511
3 beds · 2 baths · 1,173 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Under contract-accepting backup offers. Welcome to this delightful 3-bedroom, 2-bathroom home in the popular Heather Lakes community! This inviting property offers the perfect combination of comfort and convenience, featuring an open floor plan that fills the space with natural light. The cozy living area is ideal for both relaxing and entertaining, complete with a stylish stone wall and electric fireplace. The updated kitchen is a chef’s dream, showcasing new stainless steel appliances, modern cabinetry, granite countertops, and a designer backsplash, all complemented by the adjacent family dining room. The master suite serves as a tranquil retreat, offering an en-suite bathroom with a walk-in shower and a granite vanity. Two additional bedrooms provide plenty of space for family, guests, or a home office, while the second bathroom combines style and functionality. The 1-car garage offers convenient storage and easy access to the home, while the backyard provides a serene outdoor space to enjoy Florida’s beautiful weather. Recent updates include new windows, fresh exterior paint, and new landscape curbing. Situated in the heart of Brandon, this home is close to local shops, restaurants, schools, and major highways, making it a prime choice for those looking for both comfort and location. Don't miss out—schedule your showing today!
Source: STELLAR #TB8370283
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #TB8370283
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.