7609 S Fitzgerald St, Tampa, FL 33616
3 beds · 3 baths · 1,920 sqft
Under contract-accepting backup offers. Modern upgrades, energy efficiency, and an unbeatable South Tampa location—this 3-bedroom, 3-bathroom home has it all! Spanning 1,920 sq. ft. with soaring 9’ ceilings, this open and airy layout is packed with premium updates for comfort and convenience. Stay cool year-round with a 4-ton A/C handler with UV light (2017) and a Nest thermostat, while energy-efficient features like a solar attic fan and upgraded R-49 attic insulation help keep utility costs low. Recent improvements include fresh interior and exterior paint (2024), a water softener (2020), and a brand-new water heater (2024). The stylish kitchen is designed for both function and flair, featuring granite countertops, 43” wood cabinets with crown molding, and under-cabinet lighting—a dream for any home chef! The primary suite is complete with a spacious living area, dual vanities, a garden tub, a walk-in shower, a private water closet, and an oversized walk-in closet. Additional highlights include, a brand-new Pergo luxury vinyl flooring in the downstairs bedrooms, a private screened-in patio for outdoor relaxation, a 2-car garage for ample storage and parking, and enjoy the freedom of NO HOA and NO CDD! Located just minutes from MacDill Air Force Base, top-rated schools, shopping, dining, and waterfront parks, this home offers easy access to major roadways while enjoying the best of South Tampa living. Don’t miss out—schedule your showing today!
Source: STELLAR #TB8365487
Source: STELLAR #TB8365487
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “Save search” 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 620, 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.