Luxury Waterfront Living at The Inlets at Riverdale. Experience the perfect blend of sophisticated design and waterfront living in this stunning 2,134 sq. ft. custom home, nestled in the highly sought-after community of The Inlets at Riverdale. Every detail of this 3-bedroom, 2.5-bathroom masterpiece has been meticulously crafted to offer the best of Florida’s indoor and outdoor lifestyle. Step inside to find exquisite craftsmanship and modern upgrades, including updated wood plank tile flooring, LED light fixtures, soaring ceilings, and an inviting outdoor fireplace. The fully updated chef’s kitchen is a showstopper, boasting stainless steel appliances, granite countertops, a farmhouse sink, a gas stove, soft-close tailored cabinetry with under-cabinet lighting, and a built-in breakfast bar—perfect for casual dining and entertaining. The spacious primary suite is a private retreat, complete with direct patio access, an updated spa-like en-suite bathroom featuring a freestanding soaking tub, and a walk-in shower. The second bedroom also includes its own en-suite bath, making it an ideal second primary suite. The third bedroom has been thoughtfully converted into a versatile office/guest room with built-in wardrobes but can easily be restored to its original function. Step outside to your screened-in entertainment patio, where a heated pool with relaxing jets awaits. Enjoy breathtaking waterfront views from your backyard canal, which provides direct access to the Manatee River and the Gulf. Boating enthusiasts will love the option to add a floating boat lift with 15 AMP shore power. Located just 6 nautical miles to Tampa Bay, 12 miles to the Sunshine Skyway Bridge, and only 30 minutes by boat to the pristine beaches of Anna Maria Island, this home is a true paradise for water lovers. Designed for peace of mind, this home is equipped with hurricane-grade glass windows and doors, as well as custom Kevlar door covers for added storm protection. The mature landscaping is effortlessly maintained with a public freshwater irrigation system. Located in an exceptional boating community, The Inlets at Riverdale offers a boat ramp, water access, deed restrictions, local fishing spots, a park, playground, and tennis courts. Additional updates include a new AC (2021), new roof (2018), blue light air purifier and new hot water heater. Don’t miss the opportunity to own this exceptional waterfront home—schedule your private tour today and start living the ultimate Florida boating lifestyle!
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.
