407 Belvedere Oval, Temple Terrace, FL 33617
4 beds · 3 baths · 2,576 sqft
*** Final reduction. Walk in with equity***Enjoy this completely renovated property in the Temple Terrace Golf and Country Club neighborhood, an elegant and modern home. It features a double master, with one located on the first floor with a full bathroom. Property accounts with four bedrooms and three bathrooms with a 5th bedroom option if needed. A large family room with French doors that reveal an expansive Florida room with an actual brick accent wall, excellent for a pool table, entertainment room, or large office. Brand new luxury vinyl flooring throughout with new carpet in the bedrooms. The kitchen has modern appliances, soft closed wood cabinets, quartz countertops, and a lovely subway backsplash. The aluminum roof is still under warranty. This home has an oversized backyard perfect for family get-togethers or a pool. An active community by the Hillsborough River with easy access to major highways, the Hardrock casino, restaurants, and much more! Make this your home today and schedule a showing.
Source: STELLAR #S5117858
Financials
Source: STELLAR #S5117858
Source: Public records
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%. 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.
Other resourcesWhat 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 “Get Notified” 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 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.