11027 WINTER CREST DR, Riverview, FL 33569
MOTIVATED SELLER OFFERED AT A REDUCED PRICE OF $235K AND A $2,500K FLEX CASH IN SELLER CREDIT FOR INTEREST RATE BUYDOWN AND CLOSING COST!!! Welcome to The Rivercrest Townhome community where you will experience maintenance free living. Rivercrest offers beautiful relaxing amenities such as Pool, splash pad, fitness center, playgrounds, tennis, basketball and a clubhouse. The HOA covers WATER, SEWER, TRASH Valet service AND ALL EXTERIOR MAINTENANCE. This adorable property offers 2 PRIMARY BEDROOMS WITH TWO FULL BATHS IN EACH ROOM, new interior paint, brand new kitchen appliances, new washer, dryer, NEWER ROOF 2019 and AC 2018. The cozy yet modern Townhome has a private courtyard entrance, as you enter you will see the newer laminate neutral flooring all throughout the wet areas and main living room, newer carpet upstairs. The property will provide a clean blank canvas for you to create the space into your own. Offering easy access to 301, and i75 . Minutes away and walkable distance from Grocery shops, Dining, Tampa, Golf Courses, and plenty of beaches.
You may be able to put down less than the total down payment amount of $63,087 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: #t3514480