2118 W Ferris Ave, Tampa, FL 33603
3 beds · 2 baths · 1,088 sqft sqft
Welcome to 2118 W Ferris Ave! Nestled in the heart of the charming Wellswood neighborhood of Tampa, this beautifully renovated 3-bedroom, 2-bathroom home is a true gem. Step inside and be greeted by an inviting open layout where the kitchen seamlessly flows into the living room, creating the perfect space for both entertaining and day-to-day living. The home boasts a stylish mix of luxury vinyl flooring and quality wood flooring in all three bedrooms, providing a warm and comfortable atmosphere. The kitchen is a chef's dream, featuring stainless steel appliances, granite countertops, and custom cabinetry that combines both form and function. Adjacent to the living area, the spacious Florida room is drenched in natural light, offering a serene retreat for relaxation, morning coffee, or evening gatherings. The thoughtfully designed bathroom provides both a luxurious bathtub and a walk-in shower, ensuring that all your needs are met in style. Outside, the expansive 9,120 sq ft lot is your private oasis, fully fenced for added seclusion. The lush yard is not just a haven for established mango and avocado trees but also offers endless possibilities for customization. Whether you envision an outdoor entertaining area, a lush garden, a workshop, or even a future pool or garage, this yard has the space to make it a reality. Located just minutes from the vibrant Downtown Tampa, Raymond James Stadium, Tampa International Airport, and top-rated private schools, this central location offers the perfect balance of serenity and convenience. Don’t miss your chance to own this exceptional, move-in-ready home that truly embodies Florida living at its finest. Imagine the life you could build here—schedule a viewing today!
Source: STELLAR #t3550437
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #t3550437
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: #t3550437
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.