7938 Hampton Lake Dr, Tampa, FL 33647
5 beds · 4 baths · 3,110 sqft
NO FLOODING FROM HELENE OR MILTON! NOT A FLOOD ZONE. New Roof 2025. Step into the realm of exclusivity as you are cordially welcomed to this one-owner, two-story home nestled within the prestigious guard-gated community of Grand Hampton. Boasting a rare floor plan featuring 5 bedrooms with Primary on the main floor, a separate office, two bonus rooms , 3.5 bathrooms, and a spacious 3-car garage, this residence offers unparalleled luxury and comfort. Drive through the gates of this highly sought-after master-planned community, where trees line the streets and provide shade, creating a tranquil atmosphere. Grand Hampton is known for its great location, stately homes, expansive conservation area, and numerous amenities. Meticulously maintained by its original owner, this residence boasts pristine curb appeal, with mature landscaping and a large front porch inviting you into the grandeur within. As you enter the foyer, adorned with easy-to-maintain tile flooring, 9.5ft ceilings, a private office to the right welcomes you with French doors and abundant natural light. To the left, the spacious primary bedroom awaits—a private retreat with his and her closets and a spa-like bathroom featuring a soaking tub, glass-enclosed shower, maple cabinetry, granite countertops, and dual vanities. The formal dining area, generous in size, is perfect for entertaining, while the gourmet kitchen caters to the chef in the family. Equipped with multiple sets of 42" cabinets, stainless steel appliances, granite countertops, a 5-burner gas stovetop , and a kitchen island, this culinary haven flows seamlessly into the family room and dinette, creating an open yet functional floor plan. Upstairs, four generously sized secondary bedrooms await, offering ample closet space and convenient access to the two bathrooms. There is one large Jack and Jill bathroom and the fourth bathroom is across the hall. Additional bonus rooms —use it as an office, playroom, or game room, the possibilities are endless! Outside, enjoy the Florida lifestyle on the covered lanai offering ample space to unwind and entertain amidst the warm summer breeze, surrounded by the lush landscape of Grand Hampton. This home also features a tankless water heater, additional insulation in the walls and radiant barrier in the attic. Residents have access to world-class amenities, including a clubhouse, fitness center, playgrounds, basketball courts, and a resort-style pool area. With a full-time activities director planning events for residents of all ages, there's always something exciting happening. Conveniently located just minutes from two malls, multiple grocery stores, hospitals, and major interstates, Grand Hampton offers the epitome of refined elegance and luxury living. Don't miss the opportunity to experience it for yourself—schedule your private viewing today!
Source: STELLAR #T3516892
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #T3516892
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.