Welcome to Riverview's best kept secret...this gorgeous, pristinely maintained 5 bedroom, 5 bath + bonus room smart home with the most spectacular sunset views in Southfork Lakes. Built by M/I Homes, this popular Mira Lago floorplan is a rare multigenerational find, featuring TWO Primary Suites - one on each level! Tech lovers will appreciate the home’s smart features, including Nest thermostats, video doorbell, Schlage smart locks, smart outlets, & smart light switches throughout. With low HOA fees, this home is perfectly positioned on a pond lot with striking curb appeal and lush landscaping. The screened front porch offers a peaceful spot to enjoy morning coffee and watch the sunrise. A grand soaring entryway opens to the second floor, setting a striking first impression. A roomy flex space off the entry offers versatile options as a formal dining room, home office, or den, with convenient pass-through access to the kitchen. Beyond, the open-concept kitchen and eat-in cafe flow seamlessly into the expansive Gathering Room. Your beautifully appointed kitchen features 42" staggered cabinetry finished w/crown molding, quartz counters, tile backsplash, butler's pantry & enormous walk-in pantry. Upgraded Samsung smart appliances (2024), including a Bespoke 4-door refrigerator & an induction range, elevate this space. The spacious kitchen cafe effortlessly accommodates both everyday dining & upscale gatherings. Sliders open to a screened lanai, where you can enjoy stunning views of a large, peaceful pond while soaking in breathtaking sunset views. The spacious, fully fenced, southwestern-facing backyard offers plenty of room for outdoor enjoyment, relaxation, and fun activities in the sunshine, with plenty of room to add a future pool, if desired. The first-floor Primary Retreat at the rear of the home showcases tranquil water views, with an en-suite bath featuring a HUGE walk-in shower, extended quartz vanity w/dual sinks, built-in seated vanity, & large walk-in closet. Upstairs, the open loft/bonus room w/tray ceiling creates an inviting, versatile area, perfect for a game room, secondary living area, home gym, or home theater. Just off the loft is a guest bedroom suite w/its own en-suite bath. Nearby are two additional spacious bedrooms that share a full hallway bathroom w/quartz countertops & dual sinks. A sprawling second Primary Retreat upstairs offers a private & luxurious escape, highlighted by an airy tray ceiling & triple windows that fill the space with soft natural light while overlooking the pond. The en-suite bath is equally impressive, showcasing an expansive quartz vanity with a seated area, dual sinks, a walk-in shower, a large walk-in closet, linen closet, and private water closet. A spacious laundry room is situated on the first floor and includes Samsung top loader washer & dryer, upper cabinets, access door to the garage, and HUGE under stair storage closet. Additional notable upgrades include NEWER exterior paint (2024); NEWER Luxury Vinyl Floors in all bedrooms & loft (2021); Smart outlets; Rain gutters; Hurricane shutters; Epoxy garage floors; Overhead storage racks in garage & More. Situated in highly desirable Southfork Lakes, with amenities including resort style pool, fitness center, walking trails, clubhouse, & playground. Conveniently located with quick access to I-75, Balm Rd & 301, and just minutes from a variety of shopping & dining options, St. Joseph’s Hospital South, with an easy commute to MacDill AFB.
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.
