10557 BERMUDA ISLE DR, Tampa, FL 33647
One or more photo(s) has been virtually staged. Welcome to 10557 Bermuda Isle Drive, where modern luxury and timeless comforts impeccably blend. This stunning 4 bed, 3.5 bath, and 3500+ sqft home gives you the best of both worlds offering ample space to breathe inside and out. Upon entering you'll be taken back by the view of Cory Lake Isles timeless Lake with the added bonus of no rear neighbors. The air is fine with two newly installed AC units complimented by the gorgeously insulated barrel tile roofing with 20 years left. The freshly painted light gray walls allow for any design taste to be added by its new owners. The formal dining room to your immediate right is great for gatherings all year round, while the spacious living room adjacent to it offers more of an intimate feel with close family and friends. Work from home in your beautiful new office or get lost in the pages of a book in this opulent den with built in bookshelves, granite countertops, and built in bench. The primary owner's retreat is just that, a retreat from the world which can accommodate a king size bed and room for much more! This room is also separate from the rooms on the bottom floor for the privacy you've been waiting for and deserve. Melt away in the owner's main bath within your garden tub, or roomy shower. Get lost in your updated his and her closets with new shelving systems. The fresh new quartz countertop in the bathroom can be found echoing throughout the remainder of the house to include your new gourmet kitchen equipped with a natural gas stove, stainless steel appliances, deep kitchen sink, and handy dandy pot filler. The kitchen also offers large amounts of storage within its original brown oak cabinet doors. The storage continues in your quaint island in the center perfect to direct parties when the food is ready. Unwind in your family room to the right of the nook with options to move the couch on multiple walls for those who love to shake things up. Upstairs you'll find the media room of your dreams as a blank canvas, and a newly installed Trex decking that's built to last. You'll also enjoy the convenience of the spacious upstairs room with its own ensuite. Perfect for guests or someone who is growing into themselves and just wants some more space. The outdoor space is equally impressive with its view of the lake, and large entertaining space encased in your covered lanai and pool deck area. It's equipped with a beautiful pool, a pergola, firepit, and outdoor half bath. Sip your favorite beverage under shade and comfort as you enjoy the fruits of your labor. Upgrades to this home to include, all-new interior paint completed in (June 2024), luxury vinyl floors installed throughout the entire home (June 2024). Contemporary light fixtures and LED lights (June 2024), elegant crown molding, New quartz countertops installed in kitchen (June 2024), Fully renovated upstairs bathroom (June 2024), new master bathroom quartz countertop (June 2024), New HVAC Units (June 2024), Front home French drain (June 2024), Rear Lanai super gutter (June 2024), Roof is a Barrel tile roof and still has 20 years left and new upstairs balcony trex deck (June 2024).
You may be able to put down less than the total down payment amount of $250,201 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #t3539869
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.