LIVE YOUR BEST RESORT LIFESTYLE IN THIS PRICED TO SELL FLORIDA DREAM HOME!!! Welcome to this magnificent upgraded 4-bedroom + BONUS/GAME room beauty on a PREMIUM CORNER LOT, perfectly positioned beside a tranquil POND and backing to a CONSERVATION in the highly sought RIVERCREST community. With newer 2023 ROOF, fresh exterior paint, new gutters, and lush landscaping, this home offers exceptional curb appeal, while the EXTENDED DRIVEWAY accommodates up to 6–9 vehicles and leads to a spacious 3-CAR GARAGE with built-in storage. Inside, this thoughtfully designed unique floor plan features soaring ceilings, rich cherry wood flooring, abundant natural light, and multiple living spaces, including a formal Living/Dining area and a separate Family room. The gourmet Kitchen is ideal for entertaining with granite countertops, upgraded cabinetry, an extended breakfast bar and Samsung Bespoke Smart stainless steel appliances, including an induction oven with built-in air-fryer and a 4-door glass panel refrigerator. The main level oversized Primary Suite features an extended sitting area, walk in closet with built ins and a relaxing en suite bath with garden soaking tub, dual granite vanity n all tiled shower. The master suite double door feature gives you direct access to your very private outdoor retreat featuring a 12’x36’ screened In patio expansion with an 8’x14’ SWIM SPA INCLUDED IN SALE, creating the perfect setting for entertaining or relaxing while enjoying peaceful wildlife views. The upstairs has newly installed luxury vinyl flooring on stairs, hallway and three spacious bedrooms with a nicely upgraded full bath. This unique split staircase design opens to a huge Bonus/Flex room perfect for a home office, gym, theater room or a 5th bedroom. The new One Green Whole Housing Filtration System installed w/ yearly maintenance and Smart Home with surround sound capabilities in the entire home are key added features. Rivercrest residents enjoy the best resort-style amenities including a clubhouse, two pools, splash pad, playgrounds, sports courts, picnic areas, walking trails, and a scenic community lake. Conveniently located near top-rated schools, Publix grocery strip mall complex,, dining, golf, St. Joe’s and Advent Health Hospitals n more. Easy access to Hwy I-75 to Crosstown Selmon Expwy to MacDill AFB, Tampa Bay, and the airport in minutes and the beautiful pristine beaches of Ana Maria Island, Longboat n Siesta Key. THIS IS A STEAL!!! DON’T MISS THIS RARE OPPORTUNITY TO OWN THIS BEAUTIFUL MOVE IN READY HOME and START LIVING THE FLORIDA DREAM!!!
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
