9206 Knights Branch St, Temple Terrace, FL 33637
4 beds · 3 baths · 2,031 sqft sqft
Assumable loan available at 2.5% interest rate for qualifying buyers! This exquisite 4-bed, 3-bath home presents an unparalleled living experience for those seeking comfort and charm. Upon entering, you are greeted by a spacious and inviting open floor plan that seamlessly connects the living room and dining area, creating an ideal environment for entertaining guests or enjoying quiet family moments. Natural light floods the space, highlighting the meticulous attention to detail that can be found throughout the home. The heart of this home is undoubtedly the family room, featuring built in shelving, a fireplace and a walk-out to the backyard. Each of the four bedrooms offers a tranquil retreat at the end of the day, with the master suite featuring an en-suite bathroom complete with a walk-in closet and a separate shower area. Stepping outside, the backyard is a private oasis with no rear neighbors, featuring a sparkling pool that promises endless fun and relaxation under the summer sun. The surrounding patio area provides the perfect backdrop for outdoor dining, sunbathing, or simply enjoying the peaceful ambiance of outdoors. With the fenced-in yard, new roof, newer HVAC and a whole house filtration system, you can move right in! This home is just minutes away from schools, shopping, dining, and entertainment options, offering both convenience and serenity. This property is currently operated as an AirBnB with additional information available and the ability to come fully furnished, but would also make a wonderful primary or secondary home! Schedule your showing today!
Source: STELLAR #t3532139
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #t3532139
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: #t3532139
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.