Welcome to your own slice of paradise on Shadow Run Blvd at 13020 Shadow Run Blvd in Riverview, Fl 33569. A rare ASC1 zoned 2-acre retreat directly across from the scenic 178-acre Grady Lake in the heart of Riverview, FL. This sprawling 3,117 sq ft estate offers 5 spacious bedrooms and 4 full bathrooms, giving your family room to grow, gather, and entertain for years to come. Step inside to find rich wood flooring flowing through the formal living and dining rooms, framed by elegant crown molding that sets a warm, upscale tone from the moment you walk in. Two cozy fireplaces make this home perfect for holiday gatherings and quiet Florida evenings alike. The open-concept kitchen is a true showstopper, featuring cherry cabinetry, rich granite wrapped countertops, complete with a double refrigerator package, and a deep chefs custom sink that overlooks the sunlit family living area, ideal for hosting while staying part of the conversation. Outside, the possibilities are endless. With 2 full acres, there's ample room for RVs, boats, trailers, and all your toys, plus a large storage shed in the back, it’s perfect for a home-based business, workshop, or extra equipment storage. Unwind in the screened-in lanai overlooking your private pool and spa, or fire up the outdoor kitchen for al fresco dining under the lights well into the evening. A long private driveway leads to an oversized 3-car garage, offering plenty of parking and storage for the whole family. Located minutes from shopping, dining, top-rated Hillsborough County schools, and easy access to I-75 and the Tampa Bay area, 13020 Shadow Run Blvd offers the rare combination of privacy, space, and convenience. Homes like this with acreage, lake frontage views, and this level of indoor-outdoor living, don't come around often in Riverview. Schedule your private showing today before this one-of-a-kind estate is gone!
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.
