4011 W El Prado Blvd Tampa, FL 33629
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About this home
Welcome to your dream home in the heart of South Tampa! Situated within the highly desirable Roosevelt, Coleman, and Plant school districts, this residence perfectly balances comfort, style, and convenience for both families and professionals. Located in Flood Zone X, flood insurance is not currently required. The main home features three spacious bedrooms and two bathrooms, including a primary suite with a walk-in closet and private ensuite bathroom. Multiple living and dining areas provide the ideal layout for everyday living and entertaining. A one-car garage and extended driveway ensure plenty of parking for family and guests. Step outside to enjoy an expansive, fully fenced backyard that doubles as your private retreat. Perfect for gatherings, the backyard also leads to a newly constructed 425-square-foot guest house complete with its own kitchen, living room, bedroom, and full bathroom. Whether for guests, extended family, or a private office, this space offers exceptional flexibility. Additional highlights include a large temperature-controlled storage shed for all your storage needs. This energy-efficient home is equipped with solar panels for minimal electric costs and features numerous updates, including a newer roof (2019), newer AC (2020), hurricane-impact windows, and a fully insulated attic for year-round comfort. Located minutes from Tampa’s best shopping, dining, entertainment, and the scenic Bayshore Boulevard, this home offers the best of South Tampa living. Don’t miss the chance to make 4011 W El Prado Blvd. yours. Schedule your private showing today!
Source: STELLAR #TB8416517
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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.