2824 CORRINE ST, Tampa, FL 33605
**NO HOA OR CDD!! !Newer construction in an unbeatable location, this is a prime property nestled in the heart of the action! Situated in a quiet historic neighborhood with a water view of McKay Bay. Overlooks DeSoto park which features an exercise trail, public pool, skate park, basketball courts, playground and soccer field. An oasis near the best sights and destinations the city of Tampa has to offer - only 2 miles from the port, channel side, and Sparkman wharf. Approximately 2 miles to Centro Ybor historic district and parking, where you can also pick up the trolley to all the sights. Only minutes to the best sights and attractions: University of Tampa; Museums; Curtis Hixon Park; Water Street; Riverwalk and Bayshore; Hyde Park; Tampa General Hospital; Armature Works. This gorgeous gem was built in 2017 with only one owner. The home has been lovingly well-maintained. It has 4 bedrooms, 2 1/2 baths and 2 car garage with ample driveway space for guests. Stand-alone laundry room, and a large master suite which boasts two walk-in closets, 2 sinks, and a separate toilet room. Builder upgrades include granite counters throughout, Venetian blinds on all windows, upgraded fixtures and a vinyl fence which encloses the backyard. In these days of soaring energy prices, the paid-off Tesla solar panels significantly reduce electric expenses. Raised covered patio in the back of the house to enjoy the outdoors and balmy Florida weather. Landscape highlights include a functioning butterfly garden and beautiful peach tree. Move-in ready home in a highly desirable area!
You may be able to put down less than the total down payment amount of $274,428 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: #t3495683