827 Timber Pond Dr, Brandon, FL 33510
5 beds · 4 baths · 3,018 sqft
A One-of-a-Kind Retreat nestled in the highly sought-after Timber Pond community! This beautifully updated 5-bedroom, 3.5-bathroom home with a pool and fully fenced yard offers over 3,000 sq. ft. of living space on a generous half-acre lot. With no Flood insurance required, No HOA and No CDD, you have the freedom to make this space truly your own while enjoying the beauty and privacy of lakeside living. Step inside and be welcomed by a bright and airy foyer, with wood grain tile flooring throughout the main living areas. The spacious living room flows seamlessly into a cozy reading retreat — the perfect place to prioritize relaxation. The kitchen is a chef's dream, featuring stainless steel appliances, ample cabinet and counter space, and a dining area large enough to bring the entire family together. Relax and unwind in the family room, complete with a charming wood-burning fireplace—ideal for cozy evenings with loved ones. The downstairs primary suite is beautifully done, boasting a walk-in closet and an ensuite bathroom with a dual sink vanity. Upstairs, you'll find four additional bedrooms, thoughtfully arranged to provide privacy and comfort for family or guests. Two bedrooms share a convenient Jack-and-Jill bathroom, while a third full bathroom is easily accessible to the remaining bedrooms. Step outside to your private backyard oasis. A spacious deck, sparkling pool, relaxing jacuzzi and pavered patio set the stage for endless outdoor enjoyment. The built-in grill is perfect for weekend barbecues, while the pergola boasts a butterfly garden and charming firepit that will delight family members as they roast marshmallows together on cold nights. The storage shed provides a convenient place to keep yard maintenance and gardening tools. The backyard overlooks a protected wetland offering a quiet country feel and additional privacy year-round. Conveniently located in the heart of Brandon, this home offers easy access to Tampa, Riverview, and Plant City. Embrace the Timber Pond lifestyle and make this retreat your own. Don't miss the opportunity to call this dream home yours!
Source: STELLAR #TB8355611
Financials
Source: Public records
Source: STELLAR #TB8355611
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.
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 “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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.