2801 Tifton St S Gulfport, FL 33711
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About this home
This amazingly versatile home has something for everyone! It has been beautifully remodeled, offers spacious living areas, and can be divided into a main house with In-Law Suite or be used as a large 4 bedroom, 3 bath home. The In-Law Suite can be opened up to the main house and used as a Primary Suite or it has the ability to be closed off and used as separate living quarters with private entry. There is so much potential here - use the Suite space as a game room, family room, home office, or arts studio. If you need even more work space there is also a finished "She" shed in the back of the property. It can be used for extra storage, a craft room, or a home office - just to list a few options. The outdoor living space is plentiful too. You can enjoy the deck which has an attached gazebo. The gazebo is screened-in so you can enjoy the backyard in the evening without worrying about bugs. Right next to the deck is the salt water pool and another shed for storage. The In-Law Suite has it's own fenced in yard that can be separate or opened up to make an even bigger yard for the main house. Parking is a breeze here with more than enough room for 6+ cars or even a boat. Along with all of these great features is the fact that this home is near the Marina, shopping and vibrant downtown Gulfport.
Source: STELLAR #TB8408525
Neighborhood
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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.