12205 CITRUS LEAF DR, Gibsonton, FL 33534
Excellent opportunity, since Buyers Financing fell through! Look no further, here it is! This home has 6 BEDROOMS, 4 BATHROOMS, with 3 CAR GARAGE, nestled on a LARGE LOT (.21 ac) that backs up to a conservation easement, on a quiet cul-de-sac in South Bay Lakes. The double door front entrance invites you in to quickly notice the lovely ceramic plank design flooring flowing throughout the downstairs. The high ceilings speak volumes of openness and natural light. This home continues to please as you step into the spacious kitchen, family room combo, equipped with stainless steel appliances, granite counter tops and cabinets galore. The chef of the home can enjoy staying tuned to the family room, and outdoor entertaining, with its expansive glass patio doors that lead outside to the lovely landscaped back yard, complete with a private hot tub. Definitely plenty of room downstairs for everyone, there are two bedrooms that have a Jack and Jill bathroom, ideal for family, guests, flex space or his and her offices, plus there is a half bath and indoor laundry room. Upstairs, there is a central bonus area, and four bedrooms, two of those bedrooms conveniently share another Jack and Jill bathroom. The master or primary bedroom is massive and includes an en suite bath and large extended closet. All of this under a NEW ROOF as of December 2022. See for yourself this community has a low HOA, no CDD, a nice pool, playground and is located near all things necessary and fun. Well positioned near lots of great restaurants, shopping and entertainment options, including Little Harbor, Water Sports and Boat Rental, Tampa Electric's Manatee Viewing Center, Alafia River Boat Launch, Bell Creek Nature Preserve, several parks and various beaches, lots of options to interest everyone! Welcome Home!
You may be able to put down less than the total down payment amount of $215,660 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: #t3534690