Welcome to this beautifully maintained four-bedroom, two-bathroom home in Ridgewood West in Riverview, built in 2022 and perfectly positioned on a prime corner lot. Offering a modern design, fresh interior paint, and a highly functional layout, this home is move-in ready and ideal for comfortable Florida living. Step inside through the foyer entry and you’ll immediately appreciate the open floor plan enhanced by vaulted ceilings and stylish wood-look vinyl flooring throughout the main living areas. The spacious living room, dining area, and kitchen flow seamlessly together - perfect for both everyday living and entertaining. The kitchen is a standout feature, boasting granite countertops, stainless steel appliances, an abundance of cabinetry for storage, a large center island ideal for meal prep and casual dining, and a separate walk-in pantry for added convenience. Designed with privacy in mind, the split floor plan places the primary suite on its own side of the home. This spacious retreat features an elegant tray ceiling, a large walk-in closet, and a private en-suite bathroom complete with a double-sink vanity, glass-enclosed shower, private water closet, and linen storage. The additional bedrooms are all generously sized with ample closet space and share a full bathroom featuring a double sink vanity and a tub/shower combination. All bedrooms are comfortably finished with carpet for a cozy feel. Step outside to enjoy the screened-in covered back porch with a ceiling fan - perfect for relaxing and enjoying Florida’s year-round sunshine. Beyond the screened area, an extended patio provides the ideal space for grilling or outdoor dining. The fully fenced vinyl backyard offers both privacy and room to play. Residents enjoy access to resort-style amenities including a pool and playground. Conveniently situated near shopping centers, dining options, and zoned schools, with easy access to major roadways for commuting. This home combines modern features, thoughtful design, and a fantastic location - schedule your private showing today!
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.
