Pride of ownership shows throughout this immaculately maintained and move in ready home in the highly sought after Summerfield golf community in South Riverview, with No CDD and low HOA fees. This showcase home on a conservation lot, is one of the largest in the community that sits on a 1/3 acre, features 4 bedrooms, 2.5 bathrooms, 2 car garage and an impressive 3,282 sq.ft. It hosts a multitude of upgrades in recent years to include a new roof (2021), dual HVAC systems (2023), whole house generator (2020), water softener system (2026), interior painted (2020) exterior painted (2026), fencing (2020), manufactured wood flooring (2019), updated hardware & light fixtures throughout just to name a few. As you enter the home, you'll be immediately impressed with the grand entrance hall and high ceilings which are noticeable throughout. To your immediate left is the family room, which leads on to the dining room with ample space to sit a table of 8 comfortably and has a stylish barn door to close access off to the kitchen when needed. This flows effortlessly through to the gourmet kitchen with stunning quartz countertops (2022), center island, deep sink with a mosaic tile surround, LG stainless steel appliances, two extra-large pantries, ample cabinetry and wooden ceiling beams for a classical finishing touch. Adjacent to the kitchen is the convenient breakfast nook which provides access out to the covered paver patio. On through to the bright and open modern living room with built in shelving, multicolor electric fireplace and triple sliders to the backyard. From the living room there is the added benefit of a separate entertainment area. Also on the first floor is the convenience of a half bath with updated vanity (2024), a laundry room with closet and shelving and access out to the garage with a pull-down ladder to the large storage area above. Upstairs to your immediate left is the hugely impressive master bedroom which takes up the entire southside of the home and features large walk-in closet, additional seating space, along with enough room for an office area and a spacious en-suite with dual sinks, garden tub and a walk-in shower. On the second floor are also the 3 additional good-sized bedrooms all with large closets and a secondary bathroom with single vanity and tub with shower. Outside is your own private oasis of wildlife with no backyard neighbors, being this is on a conservation lot. An ideal setting to relax and unwind on your covered patio after a long day of work, or for large family gatherings. The yard is fully fenced with two access gates, one of which is large enough to get all your garden equipment through for additional convenience, along with a full yard irrigation system, security system with motion sensors LED lights and offers plenty of space to put in a pool if so desired. There is also a custom built 12x15 shed with hurricane tie-downs to provide storage for all your outdoor equipment! Summerfield residents have access to the clubhouse, fitness center, pool, indoor and outdoor basketball, tennis court, pickleball, playground and dog park, along with golfing (additional charge). Summerfield is conveniently located in the heart of Riverview, with an abundance of shops, restaurants and hospitals within minutes and provides quick access to I-75 for the Gulf coast beaches, Brandon Exchange Mall and the Selmon Expressway to Downtown Tampa and beyond. Schedule your private appointment today to view this must-see home!
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.
