10832 SAGE CANYON DR, Riverview, FL 33578
SOLAR PANELS PAID AT CLOSING with appropriate offer. Step into an oasis of modern luxury with this meticulously upgraded residence. Embraced by new palm trees swaying in the breeze, the exterior welcomes you with a tasteful fence enclosing a refreshing pool area, complete with all equipment and a robotic pool vacuum for effortless maintenance. Inside, a grand 24ft wide sliding door beckons you into an expansive living space where natural light cascades across a newly organized pantry, enhancing daily convenience. The heart of the home boasts a revitalized primary bathroom showcasing a sleek new tub and shower, complemented by an upgraded closet in the primary bedroom. This versatile layout includes a flex room currently utilized as a home office but can effortlessly transform into a fifth bedroom to suit evolving needs. With solar panels ensuring eco-friendly energy savings and a water softener for optimal comfort, every detail has been carefully considered for modern living. Whether you're relaxing by the poolside, enjoying the seamless indoor-outdoor flow, or preparing gourmet meals in the updated kitchen, this home promises an unparalleled lifestyle. Discover a blend of elegance and functionality where every corner reflects thoughtful design and quality craftsmanship.
You may be able to put down less than the total down payment amount of $308,015 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: #t3544422