4308 S Trask St, Tampa, FL 33611
2 beds · 1 baths · 984 sqft sqft
Location! Location! Location! This charming historic home in South Tampa is a must see! You will be taken in by the feeling of spaciousness created with this open floor plan bathed in natural light as soon as you open the front door. Perfect as a winter getaway, starter home, or for downsizing, this quaint two-bedroom home offers versatility for a variety of needs. The private back yard is complete with a patio space for entertaining and renovated guest cabin which could also be used as a personal office space, craft room, game room, you name it! South Tampa is a very popular residential area. Some say it is one of the most desirable places to live, work, and play in the Tampa Bay area. It offers a unique blend of urban and suburban living, with many things to do, including: outdoor activities, green spaces, waterfronts, walking and biking trails. South Tampa has some of the Bay Area's best restaurants, bars, and shopping destinations around. Several of Tampa's professional sports and performing arts venues also are nearby. Whether you are a first time home buyer, looking to downsize, an investor looking for a great rental property, or looking for a rare South Tampa lot to develop, this is the home for you! Call to schedule a private showing today! Seller will consider a contribution to a point buy down.
Source: STELLAR #l4946743
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #l4946743
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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 “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.
MLS ID: #l4946743
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.