3233 S NORTHVIEW RD, Plant City, FL 33566
Welcome to the community of ALTERRA located in the town of PLANT CITY home of the STRAWBERRY FESTIVAL! If you are looking for a newer build without the wait, look no further as this almost 1700 sq ft, home has 3 bedroom, 2 bath, 2 car garage and is available to be your FUTURE HOME now! Located in a corner lot with plenty of room for more than cars, the home is ample both inside an out. This GORGEOUS home is MOVE-IN READY, just bring your u-haul. The property boasts an open floor plan, with an eat in kitchen and additional dining space. The kitchen includes a large ISLAND and STAINLESS STEEL appliances. The owner’s PRIMARY BEDROOM features a large WALK-IN CLOSET, EN-SUITE bathroom with DUAL SINKS, SOAKING TUB and SHOWER. The split bedroom design allows for all in the home to have plenty of privacy. This home is located in a community that has NO CDD fees and very low HOA dues. Conveniently located minutes from shopping and dining! Centrally located to Tampa and Orlando.
You may be able to put down less than the total down payment amount of $182,932 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: #t3519512