20427 Carolina Cherry Ct Tampa, FL 33647
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About this home
Welcome to 20427 Carolina Cherry Ct, a spectacular 5-bedroom, 3-bathroom home with an expansive 3,416 square feet of living space. This beautiful home offers the perfect balance of luxury, comfort, and functionality, providing plenty of space for family living and entertaining. As you enter, you’ll be captivated by the bright and open floor plan that flows seamlessly throughout the home. The spacious living and dining areas are perfect for large gatherings, while the gourmet kitchen boasts top-of-the-line stainless steel appliances, sleek granite countertops, and a generous island. A well-sized breakfast nook adds even more charm to the space. The oversized master suite is a true retreat, featuring a spa-like en suite bathroom with dual vanities, a soaking tub, and a separate walk-in shower. The walk-in closet is roomy, offering plenty of storage space. Each of the additional four bedrooms is spacious with ample closet space, providing flexibility for guests, a home office, or playrooms. The home also offers a versatile bonus room that can be customized to suit your needs. The large, screened lanai overlooks the private, fully-fenced backyard—ideal for outdoor living, whether you’re hosting friends or enjoying peaceful moments. Located in the New Tampa area, this home offers convenient access to excellent schools, shopping, dining, and entertainment. Enjoy close proximity to Tampa Palms Golf & Country Club, Flatwoods Wilderness Park, Wiregrass Mall, and more. Plus, with easy access to I-75 and I-275, commuting to downtown Tampa, Tampa International Airport, and beautiful Gulf Coast beaches is a breeze. This 5-bedroom, 3-bath beauty in a prime location won’t last long. Schedule your showing today and make 20427 Carolina Cherry Ct your new home!
Source: STELLAR #TB8359514
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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.