14011 Cherry Lake Dr, Tampa, FL 33618
3 beds · 2 baths · 1,346 sqft
FREE HOME WARRANTY- CLEAN 4 POINT AND WIND MIT ATTACHED IN MLS- Welcome to your stunning new home in the sought-after Lake Magdalene area of Tampa, Florida! This beautifully FULLY RENOVATED 3-bedroom, 2-bathroom residence offers the perfect blend of MODERN convenience and warm, inviting charm. Situated on a spacious 9,400 square foot lot, this home is ideal for families and those who love to entertain. As you step inside, you'll be greeted by a bright and airy living space with VINYL FLOORING throughout, creating a seamless and contemporary look. The updated kitchen is a chef's dream, featuring sleek gold accents, modern NEWER STAINLESS STEEL APPLIANCES, and plenty of counter space for meal preparation. The open floor plan flows effortlessly, making it easy to host friends and family gatherings. The two FULLY RENOVATED BATHROOMS are designed with comfort and style in mind, offering a luxurious retreat after a long day. The home is equipped with all new light fixtures and fans, adding a touch of elegance and ensuring your comfort year-round. The LARGE, FENCED-IN BACKYARD is perfect for outdoor activities and offers plenty of space for hosting barbecues. Relax in your HOT TUB with a perfect view of NEW LANDSCAPING done by the sellers in 2024. The sliding glass doors lead to this outdoor oasis, making indoor-outdoor living a breeze. There's also a SHED for additional storage and a TWO CAR GARAGE for your vehicles. One of the standout features of this home is the 2023 ROOF, complemented by energy-efficient SOLAR PANELS, providing both durability and cost savings. With a location just 20 minutes from the airport and downtown Tampa, you'll enjoy convenient access to shopping, dining, and entertainment. This home is truly move-in ready, offering a perfect combination of style, comfort, and location. Don't miss your chance to own this gem in Lake Magdalene. Schedule your showing today and start envisioning your life in this inviting Tampa home! SCHEDULE YOUR SHOWING TODAY, WON’T LAST LONG!
Source: STELLAR #t3543850
Source: STELLAR #t3543850
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: #t3543850
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.