20270 Merry Oak Ave, Tampa, FL 33647
5 beds · 3 baths · 2,848 sqft
Get a free consultation call with an expert in the mortgage assumption process.
SHORT SALE! Get a great deal in a wonderful neighborhood! Welcome to your dream home in the beautiful gated community of Live Oak Preserve! This spacious 5-bedroom, 3-bathroom residence boasts nearly 3,000 square feet of thoughtfully designed living space, perfect for families and entertaining alike. As you step inside, you'll be greeted by an inviting open floor plan that seamlessly connects the living, dining, and kitchen areas. The gourmet kitchen features modern appliances, ample counter space, and a large island, ideal for preparing meals and hosting gatherings. The expansive living room is bathed in natural light, creating a warm and welcoming atmosphere for relaxation or entertaining guests. The luxurious master suite offers a peaceful retreat with an en-suite bathroom featuring dual vanities, a soaking tub, and a separate shower. Three additional well-appointed bedrooms provide plenty of space for family or guests, while two more full bathrooms ensure convenience for everyone.The home is equipped with solar panels, helping you save on electric bills while contributing to a sustainable lifestyle. Located within a vibrant, gated community, residents have access to a host of fantastic amenities, including a sparkling community pool, tennis courts, a playground, and a fully-equipped fitness center. This home is not just a place to live—it's a lifestyle! Don't miss your chance to own this incredible property in Tampa. Schedule your private showing today and experience everything this home and community have to offer!
Source: STELLAR #TB8308589
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #TB8308589
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.