613 ROYAL CREST WAY, Brandon, FL 33511
Welcome to your new forever home nestled in the heart of vibrant Brandon! This recently listed gem in the Royal Crest Estates offers an abundance of space and convenience, perfect for the growing family or those who love to entertain. Sprawling over 2,229 square feet of living space, this house features five cozy bedrooms – including a spacious primary bedroom – and two full, well-appointed bathrooms. The heart of this home is its inviting living area, seamlessly blending into a well-equipped kitchen that promises to awaken your inner chef. Imagine whipping up a delightful Sunday brunch here! Adjacent to the kitchen, you'll find a charming, sun-dappled dining area that overlooks your very own backyard oasis complete with a sparkling swimming pool – perfect for those balmy Florida days. Worried about the Florida heat? Fret not! The home is equipped with a five-year-old heating, ventilation, and air conditioning system to keep you cool and comfortable all year round. Additionally, the two-year-old roof ensures you stay dry during the rainy season. The sustainability icing on the cake is a four-year-old solar-heated hot water tank, ensuring a hot shower is always ready while keeping your utility bills low. The exterior isn't just a backyard; it's a springboard for family fun and relaxation. Dive into your private pool or host the season’s best backyard barbecue. The noise of happy splashes and joyful laughter is bound to fill the air! A two-car garage ensures that both your rides stay sheltered from the elements. And with no Home Owners' Association fees to worry about, you can invest more in turning this house into your dream home. Out and about, the bustling Brandon area offers everything a family could need. Just a stone's throw away, enjoy convenient shopping at spots like ALDI, or spend a relaxing day at Fuenmayor Service LLC park. The locale is perfectly poised for leisurely weekend activities, whether it's shopping at Brandon Mall or catching a bus for a day trip from the nearby US Hwy 301 @ Balm Riverview Rd station. If you're looking for a spacious, conveniently located home with all the perks of suburban living, look no further. This delightful residence is waiting to write its next chapter with you!
You may be able to put down less than the total down payment amount of $56,577 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: #tb8302098