10314 HOLSTEIN EDGE PL, Riverview, FL 33569
Introducing a new townhouse listing in the desirable Boyette Park community! This spacious townhouse features 4 bedrooms and 3 bathrooms, with an expansive loft upstairs. As you step inside, you'll discover a charming farmhouse chic style throughout. The kitchen and living room are adorned with ceramic tiles, creating a clean and stylish look. The master bedroom is a true haven, offering a large walk-in closet, tray ceilings, and an en-suite bathroom with a spacious bathtub and dual vanities. Boyette Park is a gated community, providing residents with peace of mind. It's conveniently located just a short drive away from shopping and dining options, making everyday errands a breeze. But what truly sets Boyette Park apart is its vibrant community life. Residents can enjoy regular food truck nights near the pool area and partake in various social gatherings throughout the year, enhancing the neighborhood's sense of togetherness, especially during holidays. This is your opportunity to own a beautiful townhouse in the Boyette Park community, where you can relish the farmhouse chic style and the warmth of a close-knit neighborhood with plenty of social activities to enjoy.
You may be able to put down less than the total down payment amount of $148,563 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #t3479654