12855 Kings Crossing Dr, Gibsonton, FL 33534
2 beds · 3 baths · 1,360 sqft
Charming Townhouse with Assumable FHA Loan - Perfect Opportunity for Savvy Buyers! This home is moving-ready with a motivated Seller. Welcome home to this charming townhouse nestled in the heart of Gibsonton! Look no further! This 2 Bedrooms and 2 full and a half bathrooms gem offer a delightful blend of comfort and convenience at an incredible value under $300k!. Conveniently located to I-75, Hwy 41, Rt. 30, schools, shopping, new Publix across the street, restaurants, and attractions such as the manatee viewing center just a few minutes away. Step into a bright and airy living space, perfect for both relaxation and entertaining. The updated interior boasts a modern touch with stylish finishes throughout. Situated in a gated community, privacy and security are top-notch here. Enjoy peace of mind knowing that you're in a safe and welcoming neighborhood. Forget about CDD fees! This community is free from those extra costs, making homeownership even more affordable. Plus, with low HOA fees, maintaining this beautiful property is a breeze. Cool off on sunny days at the community pool or take your furry friend for a playdate, at the on-site dog park. This is resort-style living without the hefty price tag! Don't miss out on this fantastic opportunity to own a piece of paradise in Gibsonton. Schedule a showing today and make this townhouse your own slice of Florida paradise!
Source: STELLAR #u8243458
Source: STELLAR #u8243458
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: #u8243458
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.