PRICE IMPROVEMENT!!Welcome Home!! This MUST-SEE Amazing home boasts 4 bedrooms 2.5 Bathrooms, a 2-car garage located in the desirable South Fork Community. This home captures your attention from the street with its stately 2 story presence and upgraded pavers. As you enter you greet your guests in the wide foyer, high ceilings with luxury plank flooring as you walk into the large great room family gatherings. This open floor plan is light and airy with all the bells and whistles, upgraded crown molding and upgraded fixtures. The Great room overlooks the designer upgraded fully equipped kitchen that features stainless steel appliances, dark wood cabinetry, granite countertops, a breakfast bar and a double door pantry. From the great room through the glass sliders you enter to a screened spacious Lani that overlooks the calming pond and backyard. Next to the kitchen before you get to the inside garage entrance you have a convenient half bath downstairs. All 4 bedrooms are upstairs. After the stairs on second floor you are met with a loft space that can be used for computer area, office space, a home gym, game or home theater or just another relaxing space. New Carpet on stairs, in hall and in all 4 bedrooms. The spacious primary bedroom has an en-suite bathroom and a Huge walk-in closet with a window. The en-suite is upgraded with dual sinks and bathtub. The common area bathroom for the other 3 bedrooms has a shower and bathtub. For convenience the laundry room is also upstairs. South Fork subdivision is a wonderful family community that has it all, playground, dog park, resort-style pool, wide streets and recreation room located in the heart of Riverview close to shopping, state of the art new hospital, restaurants, and the top schools. Come and see this perfect home in the perfect South Fork Community! You will fall in LOVE!
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.
