13833 Cherry Creek Dr, Tampa, FL 33618
3 beds · 2 baths · 1,730 sqft sqft
YOU DON’T WANT TO MISS THIS!! Great neighborhood with highly desirable location of CARROLLWOOD, in the heart of LAKE MAGDALENE. Free from the restrictions of an HOA and NO FLOOD ZONE giving you peace of mind. The owners have also taken care of all the upgrades so all you have to do is MOVE IN! This saltwater POOL home has a new pool liner and resurfaced deck 2022, in addition to the salt cell being replaced in 2022. New roof 2022. New AC condenser and water heater 2024. Double pane insulated windows. Cathedral ceilings and an open floorplan. Freshly painted interior and exterior. Newly installed fence. The guest bathroom was renovated in April 2024 and kitchen updated in 2023. You will also love the convenience of NO CARPET throughout the entire home. You will find elegant tile in the bathroom, REAL wood in the Florida room and hallway, as well as luxury vinyl flooring throughout the rest of the home. There is also an accent wall at the entry featuring unique high end tile, giving the home lots of character. This 3 bed, 2 bath pool home with a 2 car garage has ample space for the entire family and sits on over a quarter acre lot. You will also find a well maintained backyard including a mango tree and an avocado tree! This is the perfect entertaining house with a formal dining room as well as a separate family room with a fireplace. Lake Magdalene is centrally located near everything that Tampa has to offer with easy access to highways and major attractions. This home is ready for it’s new owner and will not last long. Schedule your showing today!
Source: STELLAR #tb8320331
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8320331
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: #tb8320331
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.