1609 E Genesee St, Tampa, FL 33610
3 beds · 2 baths · 1,090 sqft sqft
Seller motivated. INCREDIBLE PRICE FOR YOUR FIRST HOME OR INVESTMENT PROPERTY! Welcome to this beautifully well-kept 3 Bedroom 2 Bath bungalow in central Tampa, Florida, an absolute steal! With modern updates and classic charm, this home offers the best of both worlds at an incredible price. Don't miss out on this amazing opportunity to own a piece of Tampa's history with all the modern comforts. As you enter, you are greeted by the warmth of natural light that floods the interior, accentuating the WALNUT VENEER WOOD PLANKS flooring that spans most of the home. Say goodbye to carpet and allergies as this low-maintenance flooring adds a touch of elegance to every room. The kitchen has been thoughtfully designed with Granite Counters and Stainless steel appliances. Whether you're preparing a meal or enjoying a quiet morning, this kitchen is a true culinary haven. The roof is only 6 years old!! Step outside and unwind on the classic bungalow front porch, perfect for savoring your morning coffee or watching the world go by. The LARGE FENCED BACK YARD offers ample space for creating your own private oasis, allowing you to enjoy the Florida sunshine in peace and privacy. Conveniently located just 4 miles from Downtown Tampa, Armature Works, Sparkman Wharf, and the University of Tampa, this home offers easy access to the city's vibrant amenities. And for those seeking a beach retreat, award-winning Clearwater Beach is a mere 27 miles away, offering endless opportunities for relaxation and recreation. In summary, this well-kept bungalow offers a perfect combination of modern living and historical charm, all in a prime Tampa location. Don't miss out on this incredible opportunity to make this house your home. Schedule a viewing today and seize the chance to embrace the best of Tampa living!
Source: STELLAR #t3544896
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #t3544896
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: #t3544896
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.