Welcome to this exceptionally upgraded and meticulously maintained residence in the highly sought-after SUMMERFIELD COMMUNITY of Riverview. Featuring a NEW ROOF (2021), DUAL HVAC SYSTEMS (2023), (NEST), WHOLE-HOUSE GENERATOR (2020), WATER SOFTENER SYSTEM (2026), FULL YARD IRRIGATION SYSTEM, and RAIN GUTTERS WITH TWO RAIN BARRELS, this home offers immediate comfort, efficiency, and peace of mind. Offering over 3,200 square feet of well-appointed living space, this 4-bedroom, 2.5-bath home is ideally positioned on an expansive 1/3-ACRE LOT (APPROX. 14,500+ SQ FT) with no rear neighbors, providing private and serene conservation views. Also, LOW HOA ($47.25 monthly), and NO CDD. Upon entry, you’re welcomed by a light-filled, open-concept floor plan, with 9 1/2 foot ceilings, with LUXURY VINYL PLANK FLOORING (2019), fresh INTERIOR PAINT(2020), and updated ceiling fixtures and modern hardware throughout. A fresh EXTERIOR PAINT (2026) further enhances curb appeal and long-term durability. The gourmet kitchen serves as the heart of the home, thoughtfully designed with QUARTZ COUNTERTOPS (2022), NEW LG APPLIANCES (2016), TWO EXTRA-LARGE PANTRIES, and abundant cabinetry. Distinctive architectural features—including a KITCHEN SINK WALL MOSAIC, DECORATIVE CEILING BEAMS, and a CUSTOM WATER FEATURE—add character while maintaining a seamless flow into the main living and entertaining areas. Outdoor living is equally impressive with a COVERED AND PAVED PATIO (2021)—ideal for relaxing or hosting gatherings. The expansive backyard also features a CUSTOM-BUILT 10' x 14' SHED WITH HURRICANE TIE-DOWNS and offers ample space to add a pool or design a private outdoor retreat. The FULLY FENCED YARD (2020) includes TWO ACCESS GATES, one providing an EXTRA-WIDE 8–10 FT OPENING, offering added convenience for equipment access, storage, or future pool installation. Privacy-treated, reinforced sliding glass doors and rear-facing windows further enhance security and comfort. Additional highlights include MULTIPLE WALK-IN CLOSETS, GENEROUS STORAGE THROUGHOUT, A SECURITY SYSTEM WITH EXTERIOR CAMERAS, UPDATED POWDER ROOM VANITY (2024), PULL-DOWN ATTIC ACCESS ABOVE THE GARAGE. Residents enjoy access to an impressive community center featuring a BEAUTIFUL GOLF COURSE, CLUBHOUSE, INDOOR BASKETBALL, TENNIS AND PICKLEBALL COURTS, FITNESS CENTER, MULTIPLE POOLS, DOG PARK, PLAYGROUND, AND ATHLETIC FIELDS. Conveniently located in a PRIME LOCATION NEAR SHOPPING, GROCERY STORES, DINING, AND ENTERTAINMENT, this home also offers EASY ACCESS TO I-75, MULTIPLE HOSPITALS, FLORIDA’S RENOWNED GULF COAST BEACHES, AND WORLD-FAMOUS THEME PARKS—making it an exceptional choice for both daily living and weekend getaways.
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.
