640 Kensington Lake Cir Brandon, FL 33511
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About this home
Price Reduction! No CDD and Low HOA. New AC, Air Ducts and Insulation. You can't go wrong here! This end unit is in the desirable GATED town-home community of Kensington, Centrally located and well maintained. The First floor offers a nice kitchen with stainless steel appliances an a breakfast bar, living room and dining room plus a half bath for company. Upstairs you'll find The master bedroom, and 2nd bedroom each with it's own full Bathroom, There is also a laundry closet with stackable washer and dryer. The property has 1,159 sq. ft of heated living space. All of the appliances (including the stackable washer/dryer) come with the unit. The community features a gated entrance, community pool, and assigned parking with lots of additional visitor spaces. The low monthly HOA fee includes building exterior maintenance, such as paint, roof, yard maintenance, community pool, plus water, sewer, and basic cable. Centrally located in the heart of Brandon close to everything, shopping, schools, restaurants, banks, hospitals, and more. Room measurements are approximate. It is the responsibility of the Buyer's Agent /Agent representative to confirm room measurements.
Source: STELLAR #TB8430973
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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.