7512 S Germer St, Tampa, FL 33616
4 beds · 3 baths · 2,471 sqft
Under contract-accepting backup offers. This beautiful two-story South Tampa home, featuring 4 bedrooms and 3 bathrooms, is packed with modern updates and sits in an ideal location. With a 2017 AC, roof, and water heater, plus a fresh repaint inside and out in 2023, this home is move-in ready! Enjoy clean, fresh air with the 2022-installed HEPA AC filter and UV lights, which help remove dust, pollen, and odors. Upon arrival, you're greeted by a charming front porch. Off the foyer to your right, you'll find the first bedroom, perfect for guests or a home office. The main living area offers a light and bright open floor plan, combining the living room, dining room, and updated kitchen. The kitchen boasts stainless steel appliances, plenty of cabinets for storage, beautiful Carrera marble countertops that have been expertly sealed and are annually resealed for lasting durability, a classic backsplash, and a large island with extra seating. A separate pantry provides additional storage space. Upstairs, you'll find the laundry room and remaining bedrooms, including the spacious primary suite. The primary bathroom has been updated and features a dual sink vanity, a soaking tub, a shower with a glass enclosure and rain shower head, a linen closet, a TOTO toilet, and a separate large walk-in closet. Additionally, there's a massive game room that can easily be converted into a 5th bedroom by adding doors. Out back, enjoy the Florida weather on your screened-in deck overlooking the fenced-in yard, complete with an 8x10 shed for extra storage. French drains have been installed to ensure proper water displacement, adding extra peace of mind. The home has a 3 zone irrigation system, canvas hurricane window covers, and underneath the lanai is additional storage space, plus a doggy door and tunnel for your furry friends. Located 4 minutes to Picnic Island with a dog beach, Disc Golf course, and park. You will also be near MacDill Air Force Base, a variety of restaurants, the Gandy Bridge for easy access to St. Pete, and just a short drive to Hyde Park, Sparkman Wharf, and more of Tampa’s best attractions, this home offers the perfect blend of convenience and comfort. Don’t miss out on this South Tampa gem! Seller believes they have an assumable VA loan at 2.588%. Buyer must verify with the Bank and would have to qualify to be approved.
Source: STELLAR #tb8306902
Source: STELLAR #tb8306902
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #tb8306902
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.