Experience the pinnacle of waterfront-adjacent luxury at 2504 Cumberland Cliff Drive, a masterfully curated estate situated in the prestigious gated enclave of River Bend in Ruskin, FL. This residence offers an unrivaled lifestyle, combining sophisticated interior design with a private outdoor resort, all just steps from the serene Little Manatee River and the community’s private dock and canoe launch. Every inch of this nearly 3,900-square-foot sanctuary has been reimagined for the modern connoisseur. The home features a complete absence of carpet, replaced by the seamless installation of luxury vinyl plank, upgraded tile, and professional high-gloss epoxy finishes. The architectural integrity is elevated by bespoke crown molding and custom-cased windowsills throughout, complemented by upgraded oversized baseboards and designer lighting that casts a warm glow across the open-concept living spaces. The gourmet chef’s kitchen serves as the heart of the home, featuring premium stone surfaces, high-end stainless appliances, and a social layout that flows effortlessly into the grand family room. For the collector, a stunning custom-built, LED-backlit wine wall provides a sophisticated focal point for entertaining. Nearby, a sleek electric fireplace creates a chic atmosphere for evening relaxation. Retreat to the primary suite to discover a boutique-style luxury walk-in closet. Custom-built to showcase your finest collections, it features high-end millwork, a center organization island, and designer pendant lighting. The spa-like en-suite bath offers a garden soaking tub and a seamless glass walk-in shower. The transition to outdoor living is spectacular. Beyond the sliding glass doors lies a brand-new 2024 heated saltwater pool and integrated spa, encased in an expansive screened enclosure. The L-shaped covered lanai is ready for ultimate entertaining, featuring a built-in summer kitchen and grill area along with vast extended paver decking. As the sun sets, professional exterior landscape lighting transforms the property into a glowing oasis. Key structural upgrades include a new roof installed in 2023 for total peace of mind and a spacious 3-car garage with professional epoxy flooring. Living in the gated River Bend community grants exclusive access to a state-of-the-art fitness center, professional tennis and basketball courts, a playground, and an Olympic-size resort pool with a splash pad. Residents also enjoy a private community dock and boardwalk providing direct access to the Little Manatee River. This is more than a home; it is a turnkey masterpiece designed for those who demand the absolute best in Florida luxury living. Whether you are looking for a modern sanctuary or an entertainer’s dream, this Ruskin jewel is ready for its next owner.
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.
