7029 Dormany Loop, Plant City, FL 33565
4 beds · 3 baths · 2,308 sqft
Pre-listing inspections and appraisal have already been completed for convenience and value. Don't miss this exceptional property, perfect for a business owner needing room to store equipment or accommodate your outdoor adventure toys! This bright and airy 4-bedrooms 3-bathrooms home sits on 1.50 acres with no HOA or CDD, featuring a brand-new roof with two owned solar-powered attic ventilation fans. Designed for modern living, the home boasts a 3-way split floor plan with wood flooring throughout. The kitchen shines with stainless steel appliances, real wood cabinets, and granite counters. The huge master suite offers an additional flex space ideal for an office or sitting area, a walk-in closet, and a large bathroom with double sinks, a large soaking tub and a separate shower. Enjoy the expansive 1.50-acre high and dry property from your front porch or the custom back patio, equipped with an outdoor kitchen with a gas grill, bar seating, fire pit and a waterfall feature. The property also includes a 30x30 insulated building with two bay doors, directly powered from the pole on its own breaker as well as another storage shed with power access and loft area. For those with an RV- There is a 240V RV hook up and parking on its own breaker with washout to the septic tank. Did I mention that you have all of this while watching the sun set over your own spring fed pond? Location, Location, Location ... approximately 24 minutes to Busch Gardens, 30 min to downtown Tampa and an hour to Disney! This property combines enjoyment and practicality, making it an ideal choice for those needing extra space and a luxurious lifestyle. Schedule a showing today and explore the endless possibilities this home offers!
Source: STELLAR #t3540749
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Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #t3540749
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.