807 E Genesee St, Tampa, FL 33603
3 beds · 2 baths · 1,207 sqft sqft
Here is the South Seminole Heights home you have been waiting for! Located just minutes from downtown Tampa with quick and easy access to I-275. Beautifully updated throughout. However, this charming bungalow is more than just a pretty face with recent updates to include a ROOF (2023), HVAC (2022), and HOT WATER HEATER (2023). Fresh, bright and modern yet still maintaining the original historic appeal, this home has undergone a beautiful cosmetic transformation to include: a beautiful LED fireplace with shiplap surround, stylish rustic barn doors throughout the home, a dry bar in the dining room, brand new shaker cabinets in the kitchen, brand new stainless appliances, a gorgeous quartz countertop and fashionable encaustic backsplash. The entire home has been freshly painted inside and outside. The flooring used throughout is a durable 24 hour waterproof 10mm laminate. Both bathrooms sparkle with new vanities, new toilets, new fixtures and low maintenance waterproof grout-free tile systems for the shower walls. The list of NEW continues with all new lighting, new base molding, new doors and door hardware in all rooms and closets, and new blinds and curtains. The primary bedroom features a massive 13 x 7 walk-in closet that can also double as an office or bonus room. Upon arriving, you are greeted by both a spacious front porch and private parking pad. The backyard is a HUGE blank slate with endless possibilities. Houses like this don't last long so book your showing today! Can be sold fully furnished although furniture is not included in the list price. Seller is a licensed Florida Realtor.
Source: STELLAR #a4617083
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4617083
Source: Public records
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: #a4617083
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.