1 of 44
$229,999

10957 Keys Gate Dr, Riverview, FL 33579

2 beds · 3 baths · 1,532 sqft sqft

HUGE PRICE CONCESSION AND ASSUMABLE, QUALIFING, FHA LOAN! Welcome to this charming townhome nestled in the desirable community of Riverview, where contemporary comfort meets convenience. This property stands out with a host of enticing features, making it a true gem. Upon entering, you're greeted by sleek engineered hardwood floors on the main level, complimented by a kitchen adorned with tile flooring and luxurious granite countertops. Stainless steel appliances, including a convenient touchless sprayer faucet, combine functionality with modern style. The pass-through kitchen bar provides a perfect space for casual dining, overlooking the separate dining room. A practical half bath with washer/dryer closet, complete with appliances that will be included in the sale rounds out the main floor amenities. The spacious great room is bathed in natural light pouring through sliding glass doors that open onto a covered, screened patio with a storage closet, offering tranquil views without rear neighbors. Upstairs, the expansive owner's bedroom retreats to the rear of the home and features its own ensuite bathroom for optimal privacy and comfort. A versatile room, suitable for use as an office, library, playroom, or workout area, separates the two generously-sized bedrooms, Another full bath and the secondary bedroom are situated towards the front of the unit, ensuring ample space and privacy for all occupants. This smart home is outfitted with advanced amenities including an upgraded thermostat and an electronic Schlage lock on the front door, accessible and controllable via smartphone. The AC unit, installed in 2017 with a UV kit for mold prevention, enhances both efficiency and indoor air quality. Residents of this community enjoy access to an impressive array of resort-style amenities, including 2 large swimming pools w/lifeguard, a clubhouse w/fitness center, indoor sport court & party room, an indoor basketball court, tennis courts, new expanded fenced-in playground, sand volleyball court, a covered picnic pavilion with grill, dog park w/separate areas for large & small dogs including a dog wash area, baseball and soccer fields. The HOA FEE INCLUDES: WATER, SEWER, TRASH, groundskeeping, exterior maintenance, amenities, exterior pest control, and management services! The location is unbeatable, with a plethora of shopping and dining options just minutes away, convenient access to US 301 and I-75.

Interest rate 3
5.87%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,352
With Roam
$1,517
Reduce your monthly payments by $164 when you assume this mortgage.
You also save $56,605 in total interest paid.

$5,030
Edit

You may be able to put down less than the total down payment amount of $5,030 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
Location
Details
Home
Size
1,532 sqft
Lot size
0.03 acres
Year built
2010
Type
Townhouse

Source: STELLAR #t3535334

Loan
Remaining term
28 years, 8 months
Rate
5.87%
Monthly P&I
$1,352
Remaining loan balance
$224,968

Source: Public records

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?

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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?

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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?

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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?

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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?

expand content

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.

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Last updated: Nov 21, 2024 09:06 am
Listing agent: Kim Perez (678) 687-5242
Listing provided courtesy of: BHHS FLORIDA REALTY (813) 642-1500
Details provided by STELLAR and may not match the public record.
MLS ID: #t3535334
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2024 MLS GRID. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,352/mo
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