Featured
Featured
7306 SAMUEL IVY DR, Tampa, FL 33619
Back on Market!!! MOTIVATED SELLERS!! Sellers are offering $2500 credit to the buyer towards their closing costs!! Welcome to your Beautiful newer built home! 4Bed 2.5Bath over 1800 heated sqft, built by Lennar in 2020, which means all big ticket items; Roof, AC, Water Heater, are all like new!! This residence has been impeccably maintained! Most of the interior has been freshly painted. With the added benefit of a newly installed Solar Panel System, you will enjoy a cost efficient energy bill (bill is $20-40 a month) and remain environmentally friendly while using reclaimed water for lawn maintenance! Double pane windows throughout and custom hurricane shutters is another added bonus! As you enter the home, you will be greeted by an open floor concept, beautifully integrating the living room, dining room and kitchen, making it perfect for entertaining or simply enjoying everyday living with family. The kitchen is equipped with tall kitchen cabinets, a large island with farm style sink, and pantry for extra storage. Exit the glass slider to the fenced-in backyard to find a blank canvas to create your own unique space. The laundry room in conveniently located upstairs near all 4 bedrooms. Oversized master suite includes walk-in closet and master bath with dual sinks. The loft area can be used for an office or play area! Touchstone Community offers a true Resort-Style Living, offering a Resort-Style pool with lap lanes, Splash-Pad and Park, fenced in Dog Park, Fully Equipped gym, and Community Center that can be rented out for parties and gatherings. 15min to Downtown Tampa. 30min to Tampa International Airport and MacDill AF Base. Overall, this home offers a perfect blend of comfort, convenience, and resort style amenities!
You may be able to put down less than the total down payment amount of $180,940 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: #w7862390
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.