2903 OAK CREST DR, Plant City, FL 33565
Auction Property. Auction Opportunity! This is more than just house, its a place to call home! Perfect location close to everything yet surrounded by serenity. This beautifully designed open floor plan is absolutely perfect for a large multi-generational family. This massive home boasts almost 4,000 sq. ft of well appointed space and has an additional 800+ sq ft of fully functional in-law suite on the lower level with it own dedicated entrance. The large open kitchen is a chef's dream boasting granite countertops a large island, stainless steel appliances and a coffee bar. A COFFEE BAR!!! :) The huge sunroom with French Doors could be used as she space, man cave, zen den or made into an additional bathroom. The possibilities are endless! Crown molding, Teak and exotic hardwood flooring; 5'' baseboards, custom window treatments and so much more! Roof-2018, HVAC-2020, Well Pump 2020, Septic Pump 2020, (last pumped June 2023), Upstairs Refrigerator 2022, Upstairs Dishwasher December 2023, Upstairs Kitchen Faucet 2022, Upgraded Irrigation System 2021. This property is slated to be sold to the highest bidder on September 25th at 6:30pm. The list price is simply to comply with the MLS, the property may sell for more or less. There is a 10% buyers premium that will be added to the sale price. All measurements are estimates. Good Luck.
You may be able to put down less than the total down payment amount of $1,320 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: #l4947413
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.