10617 Bamboo Rod Cir, Riverview, FL 33569
4 beds · 3 baths · 2,382 sqft sqft
(Assumable FHA loan 4.5% interest rate available) This beautiful two-story home sits on a spacious corner lot, featuring 4 bedrooms, 2.5 baths, and a two-car garage. The home welcomes you with a covered front porch and an impressive 8-foot-high entry door. Inside, the first floor boasts Spanish lace volume ceilings and diagonal designer ceramic tile flooring, creating a bright and open atmosphere. The large living room includes a decorative cut-out wall divider that opens to the family room, which is illuminated by a triple window view of the manicured grounds. The gourmet kitchen is a highlight, with 42" maple cabinets accented with crown molding, granite countertops, a stainless undermount sink, stainless steel appliances, and a large walk-in pantry. The adjacent dining area features 8-foot-high sliding glass doors leading to the backyard. A private hallway on the first floor includes an under-stair storage closet and a guest half bath. The inside utility room offers washer/dryer hookups, storage shelving, and a security keypad. Ascending to the second floor via an elegant staircase with a wood banister railing, you'll find a spacious hallway leading to an expansive master suite. The master suite features a tray ceiling, a relaxing master bath with a garden tub, a walk-in shower, and a double sink vanity with maple cabinets and a solid surface counter with an integrated sink. The master closet is generously sized at 12' x 10'. The second floor also includes three additional well-sized bedrooms and a full second bath. Additional features of this magnificent home include a two-car garage with an automatic opener, a sprinkler system control center, and carriage lights. The home is strategically located on a great corner lot at the south end of the circle, offering both convenience and privacy. The roof is in 2014, the AC in 2012, and the water heater is in 2023. Please Schedule your showing today.
Source: STELLAR #o6236412
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6236412
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #o6236412
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.