**Sellers are offering $10,000 incentives for interest rate buy down or assist with closing costs.** (SOME PICTURES HAVE FURNITURE,HOME IS CARPET FREE) SELLER MOTIVATED*CORNER LOT** NO CDD & LOW HOA. A distinctive 0.18 ACRE yard spreads across an open floor plan and is the perfect place for you and your family. Welcome to 13201 WELLINGTON HILLS DR, a beautifully maintian 4 bedrooms, 3 full bathrooms and a two-car garage home offering 2,032 sq ft of modern living located in the desirable Riverview,FL Summerfield Golf Community .This home has an ENORMOUS PAVERED PATIO & FULLY FENCED BACK YARD that provides plenty of space and privacy. The open gourmet kitchen includes some smart appliances, kitchen island with quartz COUNTERTOPS with COBBLESTONE backsplash walls that overlook the main living space with beautiful tile floors. The home has crown molding in the Foyer, Owner's Suite, Living Room, and Dining rooms. Just off of the living room and dining room, you’ll find the owner's suite which includes tile floors, crown molding, and decorative wood artwork on the ceilings. This bedroom has two separate walk-in closets. The spacious owner's suite bathroom includes a large garden tub, shower, and NEW elegant fixtures . The second/guest bedroom has a PRIVATE FULL BATHROOM with NEW elegant fixtures . The third bedroom has a stunning stone accent wall that feels natural and welcoming. The fourth bedroom also has beautiful custom interior paint and an accent wall that turns the bedroom into the main focal point. The covered patio has an EXTENDED PAVERED PATIO with seating & NEWLY PAINTED GINORMOUS PERGOLA is the perfect place to relax after a hard day at work to enjoy the SUNNY Florida weather. The home has a built-in WIRED Full Security System with keypad, siren, NEST thermostat, HYBRID HIGH-EFFICIENCY ELECTRIC HEAT PUMP WATER HEATER, NEW FLOORING IN ALL BEDROOMS and PLENTY OF SMART HOME GADGETS. The home also includes a large storage shed for additional storage. The fence also has a double gate for perfect access to the backyard. There are too many high-end finishes & upgrades to mention that set this home apart from the others. Located in the beautiful community of Summerfield in Riverview, FL. This is a GOLF course community that offers two swimming pools, both indoor & outdoor, basketball courts, a cardio fitness room, a weight room, a playground, a dog park, tennis courts, a baseball field, and a private clubhouse. This is one of the most desirable areas in Tampa Bay's Riverview area and is near the Gulf Coast beaches. Very close to all the Gulf Coast beaches. Just minutes from I-75, The Crosstown, Sarasota, St Petersburg, Mac Dill AFB, Channelside, Downtown Tampa, Tampa International Airport, Bush Gardens, Sea World, Disney World, and Universal Studio Orlando Also Conveniently located near St Joesph Hospital-South, James A Haley Veterans Hospital, Moffit Hospital, and AdventHealth Riverview Hospital. Walking distances to shopping, entertainment, and dining destinations make running errands a breeze. You are getting so much more with this beautiful home that can be yours. Price to sell fast. This property is immaculate, well-cared for, and ready for new owners. Welcome 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.
