7922 Spring Valley Dr, Tampa, FL 33615
5 beds · 4 baths · 4,214 sqft
Under contract-accepting backup offers. Welcome to your dream home, where modern elegance meets relaxed Florida living. Nestled on a spacious corner lot this beautifully updated home is designed for those who love to entertain and enjoy the outdoors. Step inside and be greeted by an open and airy layout featuring sun-drenched living spaces, stylish finishes, and seamless indoor-outdoor flow. The kitchen is a chef’s delight, complete with sleek granite countertops, high-end stainless steel appliances, and ample cabinet space. The inviting living and dining areas boast large windows that frame serene backyard views, filling the home with natural light. The primary suite is a true retreat, offering a spacious layout, an elegant en-suite bath, and a custom accent wall that adds a touch of sophistication. A bonus sunroom off the primary provides the perfect flex space—ideal for a home office, gym, or additional lounge area. But the real showstopper? The backyard oasis. On .59 acres with a sparkling pool surrounded by lush tropical landscaping, it;s the ultimate getaway. Whether you're hosting a weekend barbecue under the pergola, enjoying morning coffee on the patio, or unwinding in the sun-drenched lounge space, this home is made for making memories. Boasting five bedrooms and four full baths and 4214 sq ft, this home has room for everyone! Two bedrooms are located on the first floor with the primary and two more as well as a large bonus room on the second floor. This home is truly move-in ready with new electrical, new plumbing, new septic system, and even a Tesla Charger in the garage! An oversized Laundry Room with built in cabinets is perfect for those who enjoy crafting or extra kitchen space. Located in a desirable neighborhood with easy access to parks, shopping, the airport and dining, this home is a rare find that blends luxury, comfort, and outdoor living at its finest. Don’t miss your chance to own this exceptional property—schedule your private tour today!
Source: STELLAR #TB8364641
Source: STELLAR #TB8364641
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.