1221 E GIDDENS AVE, Tampa, FL 33603
DON'T MISS OUT ON THIS AMAZINGLY ADORABLE HOME!!!!Situated in Southeast Seminole Heights and conveniently located close to the trendiness of Old Seminole Heights is this adorable 2 bed 1 bath Bungalow boasting just over 1000 sq. ft. Freshly painted and filled with charm from the moment you walk up to the front door, this home has been updated to make it much more of an open floor concept. As you step up the front walkway you arrive to your cozy quintessential bungalow front porch perfect for relaxing with friends and family or just by yourself for some quiet time. But don’t stop there. Step through the front door and you will immediately notice the expansive living room with wood burning fireplace and lovely hardwood floors as it gives way to the dining room and kitchen. Just off the kitchen is the highly sought after indoor laundry/pantry/utility area perfect for additional storage space and featuring a washer and dryer that conveys with the sale. The home’s 2 bedrooms are ample size with great closet space and the bathroom has a tub shower combination. Next, step out to the back yard and on to your freshly stained deck a perfect place for gatherings and entertaining plus you have a hidden paradise in the middle of the city with your enormous back yard, a virtual blank canvas ready for your landscaping prowess! You also cannot help but notice the majestic grand oak that towers above. This home is a true gem and only minutes away from downtown Tampa, Ybor City, the Gulf Beaches and so much more. With updates like - HVAC 2017, Water Heater 2023, Roof 2012 and updated Electrical and Plumbing you should schedule your showing today before this one runs away!
You may be able to put down less than the total down payment amount of $62,444 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: #t3534065