5806 Silver Moon Ave, Tampa, FL 33625
3 beds · 2 baths · 1,604 sqft
Back on the market due to buyer financing fell through! Nestled within the Citrus Park area of Tampa this single family pool home awaits you. Upon entering the home you will find a large living room with vaulted ceilings, upgraded flooring throughout, crown molding, a stone fireplace and lots of natural light coming in from the sliding glass doors with views of the pool. The beautiful eat-in kitchen has lovely cabinets, granite counters with a bar and Samsung stainless steel appliances including a new GE dishwasher and new disposal. The primary bedroom has plenty of space with a lovely bathroom that has a walk-in shower, marble counter tops and dual sinks. Separately located the other 2 bedrooms are spacious enough for your guests or a nice office. You will also enjoy pulling into your garage with its epoxy finished flooring and dedicated outlet for an electric vehicle. Entertainment and making memories with family and friends will be enjoyable around this large luxurious pool and outdoor kitchen. Located in the Mandarin Lakes Community you are in the prime location and just minutes away from the best shopping and dining in town. With low HOA and no CDD you don't want to miss the opportunity to live in this Citrus Park Dream Home. Hurry and schedule your showing today!
Source: STELLAR #t3530803
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #t3530803
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: #t3530803
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.