2712 W GRAY ST, Tampa, FL 33609
MITCHELL, WILSON, PLANT School district! About about our seller incentives! Looking to live in the center of the city with walkability to restaurants, parks and a gym? This home may be for you! This 4 bedroom, 4.5 bathroom home features over 3200 sq ft along with a two car garage and its charming curb appeal enhanced by a paver brick driveway is sure to grasp your attention. As you enter, you are greeted by the foyer that seamlessly blends into the living and dining room. The spacious designer kitchen includes: a breakfast bar, central island, 42” custom cabinetry, granite countertops, stainless steel appliances, walk-in pantry, and a wine refrigerator. The owner's retreat is conveniently located on the first floor and boasts tray ceilings, crown molding and two custom walk in closets. The owner's bath features: dual vanities, a soaking tub, and a large walk-in shower. Upstairs, each of the 3 bedrooms has its own ensuite bathroom and walk-in closet! The possibilities are endless with the upstairs oversized bonus room. The ample sized laundry room offers shelving and a laundry sink. Let's venture on to the backyard where you can most certainly fit a pool and spend your summer days in the shade under the lanai! However, if you feel like venturing outside, take your pick! You are not only two blocks away from the JCC's fitness and aquatic center but also to Vila Brother's Park and West Pines Park. These parks feature: basketball courts, dog park and playground. If you're hungry, take a brisk 10 minute walk to grab a bite to eat at Psomi or Raw Smoothie Co. Hop in the car for a 4 minute ride to Rome & Fig and Willa's Provisions for a nice lunch or dinner!
You may be able to put down less than the total down payment amount of $146,609 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #t3532684