626 Diamond Ridge Rd, Seffner, FL 33584
5 beds · 3 baths · 2,942 sqft
This very spacious 5 Bedroom, 2.5 Bath, Plus an Office, HUGE Bonus Room and a BRAND NEW Screened-in covered Back Lanai is located in the quiet community of Cedar Edge in Seffner Florida. With almost 3,000 sq ft, your Primary Bedroom Ensuite is located on the main floor while all the Secondary Bedrooms, Bonus Room and the Laundry room is located on the 2nd floor. With this open floorplan it has all the upgrades you can ever want. A BRAND NEW ROOF was just added (FEB 2025), NEW Luxury Vinyl Planking Flooring, NEW Carpeting on the stairs, NEW Hot Water Heater, NEW Storm Door, NEW Interior Painting, NEW Light Fixtures, New Ceiling Fans, Custom Closets and so much more. The kitchen has a large, casual dining space, Espresso 42 inch Wood Cabinetry, Granite Counter Tops, and a very Spacious Breakfast Bar. The backyard is completely fenced in, with also a very large screened in covered Lanai was added and has no backyard neighbors. Cedar Edge Neighborhood has a very LOW HOA and NO CDD FEES! Cedar Edge is close to entertainment, schools, shopping malls, and restaurants. Easy access to I-4 and I-75 for commuters to Tampa Bay and Orlando (Disney).
Source: STELLAR #TB8365854
Financials
Source: STELLAR #TB8365854
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.