3502 Bloomingdale Ave, Valrico, FL 33596
3 beds · 2 baths · 1,376 sqft
***FHA Assumable 3.5% Mortgage for qualified buyers****Perfect 3 bedroom 2 bath 2 car DEEP garage with separate carport home situated on a non deed restricted .66 acre corner lot. Located in the HEART of VALRICO. This home has been updated throughout and offers an open floor plan with kitchen and dining areas over looking family room. The oversized windows allows natural sunlight in. New LVP flooring flows through the main living areas. The kitchen offers glazed 42" cabinetry, stone countertops and stone backsplash. All kitchen appliances stay. The kitchen island offers a snack bar overlooking the family room area. There is an eat in space right off kitchen with slider views of deck and backyard. The primary bedroom is located at the rear of the home with plenty of space for a kingsize bed. The primary bath has an updated vanity with stone countertop, updated shower and nice walk in closet. There are two more generous bedrooms with a shared full bath with tub shower combo and updated vanity with stone counters. The back yard is huge and is fully fenced with a large double gate for all the toys - boats, rvs, trailers, etc..... A nice deck and added concrete areas add to the outdoor entertaining space. This two car garage is probably one of the deepest garages made. Plenty of space. There is a single bay carport too off the other side of the home and a separate utility room for washer and dryer and added storage. The front yard has an added no climb fencing. Sits on a corner allowing two entrances to property. So many upgrades - New HVAC Air Conditioning, Updated Flooring, new well pump and bladder, new toilets, newer refrigerator, newer microwave, New blinds, added accent paint, all light fixtures new, Ceiling fans added, 5 1/4 in baseboards, septic tank pumped when purchased and no issues, updated hardware, Home replumbed, updated electrical, roof newer..... Move in ready so make your appt to view this rare find in the heart of Valrico!! Close to hospitals, shopping, entertainment, YMCA, gyms and more.....
Source: STELLAR #TB8366101
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #TB8366101
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “Save search” 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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.