5801 N 9TH ST, Tampa, FL 33604
Welcome to Hampton Terrace and this adorable, charming SOLAR POWERED bungalow. Hampton Terrace, is truly one of the hottest neighborhoods in Seminole Heights and boasts the storied Lake Roberta, a jewel in its crown. With newer windows, newer Roof (2018), plumbing (2017) whole house Solar (2017), and tankless water heater, this UPDATED pool home is bursting with charm and style, and is ready for you to make it YOURS. Flanked by a majestic grand oak, up the sidewalk and manicured front yard, you arrive to your screened front porch perfect for relaxing with friends and family or reading a good book with a glass of wine or a frost beverage. Step through the front door onto beautiful hardwood floors and into an expansive living room/ family room combination complete with classic gas fireplace. Just to your left is the front bedroom or if you so choose-an office or sun room. Sunlight is in abundance in this home, and the dining room is no exception as you make your way to the vintage styled galley kitchen with gleaming wood walls, solid wood cabinets and stainless steel appliances. You may step outside through the side entrance toward your two car garage, or head back through the home and to the foyer, where you find your 2nd bedroom, well appointed bathroom, and the spacious primary bedroom that looks out onto your sparkling and private POOL area. You may access the pool via the front porch, or through the sliding glass doors in your Primary Bedroom. This resort style pool area beckons you to take a dip on a warm summer day, and invites you to plan gatherings for family and friends within the screened enclosure. The lovingly landscaped yard is also fully irrigated! The huge fenced back yard is perfect for hosting gatherings as well. A whole house solar system rounds out the wonderful features of this marvelous home and is sure to save you an abundance of $$$ on what could be soaring electric bills during the balmy Florida summers. Plus, all furniture in the home is negotiable! Hampton Terrace is one of the most sought after communities in Seminole Heights and is minutes from 1-275, downtown Tampa, Tampa International Airport, Amalie Arena and Raymond James Stadium...you aren't far from all of the marvelous attributes that make Tampa the world class city that it is! Schedule a showing today!!
You may be able to put down less than the total down payment amount of $148,677 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: #t3553178