307 Fern Cliff Ave Temple Terrace, FL 33617
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About this home
CURRENT RENTAL LEASE IN EFFECT UNTIL 8/2026 for $2,800/month! Looking to add more doors to your portfolio? This property offers an attractive opportunity. The tenant is responsible for all utilities and repair costs under $100, providing the new owner with a hassle-free experience. Discover this beautifully renovated 4-bedroom, 2-bathroom home in a Gulf cart community in Tempe Terrace, featuring NO HOA and NO CDD. The open floor plan seamlessly integrates the living room, dining area, and kitchen, perfect for everyday living and entertaining. The kitchen is equipped with brand-new stainless steel appliances, sleek cabinetry, quartz countertops, and a large island with eating space, ideal for casual meals and gathering. The primary suite offers a serene retreat, complete with a generously sized bedroom and a trendy ensuite bathroom. Three airy guest bedrooms and a modern guest bathroom create a comfortable layout on the opposite side of the home. Additional highlights include a brand-new roof (2025), AC (2023), and a 2019 water heater. The spacious backyard features a storage shed, perfect for tools or hobbies. Located near Bush Garden, Hard Rock, Downtown, and USF, and within walking distance to groceries (Winn-Dixie and Publix), restaurants, golf course, and the Hillsborough River. Don't miss this opportunity to own this beautiful home!
Source: STELLAR #TB8397510
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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.