6907 N 12th St, Tampa, FL 33604
2 beds · 1 baths · 840 sqft
Tucked away in the heart of Old Seminole Heights, this charming shotgun-style bungalow is the perfect blend of character and modern updates. Sitting on a huge lot, this home offers endless possibilities—add a garden, create your dream outdoor oasis, or even expand in the future. Inside, you’ll find a well-appointed kitchen with stylish finishes, plenty of storage, and great flow into the living space, making it perfect for entertaining. The two good-sized bedrooms offer comfort and flexibility, whether you need a guest room, home office, or creative space. A large laundry and storage closet adds extra convenience, keeping everything tucked away and organized. Beyond the home itself, the location is unbeatable. You’re within walking distance to McDugald Park, a local favorite with sports courts, green space, and a playground. Plus, you’re just minutes from some of Seminole Heights’ best restaurants, breweries, and coffee shops, where you can grab a craft beer, enjoy live music, or brunch at one of the area’s hotspots. If you’ve been looking for a home that blends charm, modern updates, and a prime location in one of Tampa’s most sought-after neighborhoods—this is it!
Source: STELLAR #TB8355876
Financials
Source: STELLAR #TB8355876
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.