10703 Williams Rd Thonotosassa, FL 33592
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About this home
Welcome to your private retreat just minutes from Tampa. This charming 3-bedroom, 2-bathroom home sits on just over half an acre (.51) and offers the freedom of country living with no HOA and no CDD fees. Bring your boat, RV, or any of your toys, as there is ample space to live life your way. Located less than 5 miles from Lake Thonotosassa, Hillsborough County’s largest natural lake, you can spend your weekends fishing for bass, boating, or simply soaking up the Florida sunshine. The home features a newer roof from 2019, multiple outbuildings that offer flexibility for a workshop, storage, or private office, and a cozy fire pit area perfect for evenings under the stars. A covered outdoor space provides the ideal setting for entertaining or relaxing in peace and quiet. This property qualifies for 100% financing with zero PMI when using the preferred lender, creating an exceptional opportunity for qualified buyers to own their home with no down payment and lower monthly costs. Whether you are seeking a peaceful homestead, a weekend getaway, or space to expand your hobbies, this property delivers it all. With easy access to I-4 and I-75, you can enjoy the tranquility of country living while staying close to all the conveniences of Tampa. Three bedrooms, two bathrooms, multiple outbuildings, and plenty of outdoor space make this property truly one of a kind. The possibilities are endless.
Source: STELLAR #TB8440352
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FAQs
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.
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.
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.