185 St Thomas Dr, Mulberry, FL 33860
4 beds · 3 baths · 2,370 sqft
Meticulously well-maintained home with tasteful upgrades! This home is located in the sought after neighborhood of Bridgeport Lakes in Mulberry. As you arrive at this home on an oversized corner lot you will be drawn into the well-manicured landscaping and curb appeal. Entering the home you will be greeted with a bright open floorplan. To the right there is a space that could serve as a 2nd living room, office or flex space. To the left is a formal dining space. At the heart of the home is a chefs dream kitchen with top of the line Samsung Bespoke Series appliances, induction range with air fryer, solid wood cabinets and upgraded bull-nose countertops. The kitchen is perfect for entertaining as it overlooks the spacious living room. Huge primary bedroom with tray ceilings and recessed lighting. Primary bathroom comes complete with dual sink vanity, large walk-in shower, garden tub. Owner's closet is a must see with amazing built ins that are completely customizable to your needs. 2nd primary bedroom on the other side of the house is perfect for guests with its own en-suite bathroom and its own exterior access. The other guest bedrooms are all a good size with luxury vinyl plank flooring throughout. This home has upgraded 6inch baseboards that compliment the luxury vinyl plank flooring throughout this house. The back yard is perfect for relaxing or entertaining friends with a screened lanai. Backyard is fully fenced with a double gate access at the side.
Source: STELLAR #L4949386
Financials
Source: STELLAR #L4949386
Source: Public records
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%. 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.
Other resourcesWhat 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.
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