12855 Kings Crossing Dr Gibsonton, FL 33534
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About this home
Classy townhome in great location in a gated community just off Big Bend Road. The 2 bedrooms each have en suite bathrooms and there is a half bath downstairs. The front is landscaped out where you can add your personal touches if you like to do a bit of gardening. Enter through the front door to the beautiful engineered wood floors at your feet and crown molding and ceiling fan overhead in the formal living/dining room combo. Next you will see the updated kitchen with granite counters, gray painted cabinets, backsplash, single basin stainless steel sink, black faucet and cabinet hardware as well as black appliances. The kitchen opens to the family room with tile floors, another ceiling fan, and sliders to the screened lanai. Just outside the lanai is another flowerbed with various plants and a lemon tree! There is a storage closet off the lanai where the water heater is located. Back inside, you will find the staircase to the second floor in the family room (the stairs have the only carpeting in the entire unit) that takes you to the two bedrooms each with private baths and the laundry closet for convenience. The two bedrooms and hallway have engineered wood floors and ceiling fans in the bedrooms. There are assigned parking spaces as well as open spaces. Located between I-75 and US 41 for easy commuting. Elementary, Middle and High Schools are within 5 min away. There is a new Publix just across Big Bend Rd, with many restaurants in close proximity and St Joseph Hospital South less than 10 min away. Come see it today!
Source: STELLAR #TB8438007
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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.
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