This wonderfully UNIQUE family-friendly Riverview home has been UPGRADED and RENOVATED, and it is completely MOVE-IN READY, on a very LARGE LOT with NO HOA. This private estate home offers Florida living in style… private land on a desirable corner lot, close to everything in town, and it feels like you’re in the middle of a million private acres! Oh, and NO HOA! Homes this well-maintained and tastefully designed rarely come available in this area and this home is loaded with extras! The giant chef’s kitchen makes this home a true masterpiece, and features beautiful white ALL-WOOD shaker-style cabinets, bright and modern QUARTZ countertops, and STAINLESS STEEL appliances. Large custom cabinets and tons of counter space make meal prep feel like something from your favorite pinterest gallery. A cute eat-in area is the perfect place for breakfast on busy mornings, or enjoying your favorite beverage while hosting friends. You will enjoy an open entertaining area with spacious living room, which features beautiful waterproof luxury plank flooring and tons of natural light. The large master suite features a private en-suite master bathroom, and tons of closet space. A fantastic floor plan offers everyone plenty of privacy and comfort. Three additional bedrooms feature ample closet space and provide plenty of space for everyone to spread out. The fourth bedroom would make a great office, den, or playroom… the possibilities are endless. And the guest bathroom is sparkling fresh, and offers a calm sense of elegance. A formal dining space provides the perfect backdrop for holiday gatherings and weekly meals alike. Outside you’ll enjoy the Florida lifestyle while entertaining family and friends in your large FENCED BACKYARD. A Giant PATIO provides the perfect place for year-round gathering and relaxation. A serene fenced yard is the perfect place for kids and pets. An indoor laundry room offers the ultimate in convenience and loads of storage space. An attached garage provides comfort and protection for your ride during all-seasons. A huge workshop out back is the perfect room for storage, or a workshop, gym, or studio! NO HOA means you have the freedom to make this home yours, and you’ll have plenty of space for your toys, boat, trailer, or more! A BRAND NEW ROOF was just installed this year, for years of worry-free enjoyment. Fresh carpet and paint mean all the hard work has been done for you. Close to restaurants and shops, and all the convenience of town, your new home is exactly where you want to be. THIS is the one you have been waiting for… schedule your showing today and make this one yours!
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.
