9613 ORANGE JASMINE WAY, Tampa, FL 33647
Welcome home to the wonderful community of Live Oak Preserve. This 4 bedroom/ 4 full bathroom home with an upstairs bonus loft has 3992 sq ft of living area plus a 3 car garage, a covered front porch and covered back patio off of the kitchen and formal living room. The large back yard is fully fenced in with dual gates on each side of the yard. New roof completed in the fall of 2023. One of the two HVAC units is also new. Water softener with reverse osmosis is completely paid. The foyer opens up to the formal dining and living rooms with a view of the covered backyard porch. Split bedroom floor plan. The downstairs primary bedroom has a large walk in closet and a second spacious closet with an ensuite that has decorative tile, a garden tub, walk-in shower, double sinks with granite counters, water closet and large linen closet. An office is also located just off the left of the foyer and has a connecting door to the primary ensuite. Potential use as a nursery. The 3 additional bedrooms and 2 full bathrooms are located just off the family room area. The kitchen includes granite counters, solid wood cabinets, a separate eat in kitchen area and a breakfast bar with plenty of room for 4-6-chairs that overlooks the family room and outdoor area. Upstairs is a large loft/bonus area that has a full bathroom and large walk in closet. The upstairs loft/bonus room was recently used as a granny flat. Maybe a playroom or theatre room would fit your lifestyle?! Custom 2" blinds included throughout the home. Whole house security system. Live Oak Preserve is a guard gated community that offers a resort style swimming pool, tennis courts, a fitness center, basketball courts, and playground, plus miles of sidewalks for bike rides and evening walks. Zoned for highly rated Hillsborough County schools including Wharton High School, Benito Middle School, Hunter's Green Elementary and Turner/Bartels K-8. Plenty of shopping destinations, brand new restaurants, and places of worship are nearby. Conveniently located near major highways for a quick commute to Tampa International Airport, downtown Tampa and Florida's world famous beaches including Clearwater Beach and St. Pete Beach. Priced below the current market value!
You may be able to put down less than the total down payment amount of $265,446 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #t3537672
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.