12618 Sandpine Reserve Pl, Gibsonton, FL 33534
4 beds · 2 baths · 1,850 sqft sqft
RARE OPPORTUNITY TO ASSUME THIS FHA LOAN AT WITHROAM.COM WITH AN INTEREST RATE OF 2.9%. SAVE HUNDREDS EVERY MONTH. In a small gated enclave not even a mile from the Bullfrog Creek Sports Park and the new YMCA, it features not 3…. but 4 bedrooms with 2 bathrooms and a 2 car garage. Yard is partially fenced with the backyard being a blank canvas for the outdoor plans of your dreams…pool, spa, firepit, vegetable garden, outdoor kitchen, pizza oven, fireplace…the choices are endless. Built in 2017 the home is super clean and is ready for new Owners! Nice kitchen layout highlights the large center island with seating for three, rich raised panel wood cabinetry, staggered uppers with crown molding, door hardware, corner closet pantry & all GE appliances of which the refrigerator is included in the sale. Kitchen is open to the dinette and family room with sliding doors to the yard. Primary bedroom is spacious and the ensuite bath features a walk-in shower (no tub), dual sink vanity, private water closet and a very large walk-in closet. Split floorplan features the secondary bedrooms and hall bathroom on other side of home with the front bedroom being especially delightful given its large window and overall ambiance. GE washer and dryer are included in the sale for buyer’s convenience. Efficient 15 SEER Lennox A/C, 18” ceramic tile, rounded cornerbead, ceiling fans, water softener, irrigation system front and back, garage door opener and garage keypad round out this dynamite home. Community is gated 24 hrs., has a community pond with dock for resident enjoyment and a playground for the little ones. Not far from US-301, US-41 & I-75 and all points beyond. Super convenient county sports park offers little league baseball, softball, football & cheerleading for youth of all ages. Make your appointment today!
Source: STELLAR #t3552056
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #t3552056
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #t3552056
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