10428 Arbor Groves Pl, Riverview, FL 33578
3 beds · 2 baths · 1,758 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Under contract-accepting backup offers. Upgraded immaculate home, located in a small gated community in Riverview, Florida, is situated on a larger premium lot with a picturesque pond view and a greenbelted farm behind it. Built in 2017, this 1,758-square-foot residence offers 3 bedrooms and 2 bathrooms, perfect for a modern lifestyle. The open-concept kitchen features quartz countertops, a wide breakfast bar/island, stainless steel appliances, and ample storage, making it an ideal space for cooking and entertaining. The spacious living areas boast upgraded flooring, while the master bedroom includes carpet flooring and two closets. The master bathroom is elegantly designed with dual sinks, granite countertops, a garden tub, and a step-in shower. Bedroom 1 also showcases the same upgraded flooring, while Bedroom 2 features carpet and a walk-in closet. The guest bathroom is equipped with a single sink, a granite countertop, and a tub/shower combo. Additional amenities include a laundry room with a utility sink, a water softener, and a 2-car garage with a unique water heater that cools the surrounding area. The A/C external unit has been strategically moved to the east side of the house, creating space for a large (18’ x 25’) extended and caged lanai with a premium Bullfrog Spa and an additional 15’ x 11.5’ paved area adjacent to it, perfect for entertaining around a fire pit. The spa can either stay with the house or be removed, depending on the buyer’s preference. This home offers an assumable VA loan available to eligible military service members or veterans, adding to its overall appeal. Don’t miss the opportunity to own this beautiful, move-in-ready home in a serene and private setting. Call now!
Source: STELLAR #TB8356065
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #TB8356065
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.