11061 LITTLE BLUE HERON DR, Riverview, FL 33579
::::::2.375% VA ASSUMABLE LOAN:::::: Discover this exclusive retreat located in the heart of Southshore, just minutes from US Hwy 301, I-75, and major retail and dining. This SPACIOUS home features 5 bedrooms, 3 bathrooms, a 3-car garage, and a NEW ROOF (2023), providing the perfect blend of comfort and convenience for suburban living. The home showcases FRESH PAINT on the exterior and HARDWOOD FLOORING on the main level. An office with built-in desks and cabinets is perfect for remote work. The LARGE FAMILY ROOM is ideal for entertaining, and the downstairs bedroom and full bathroom offer a great space for guests. A convenient KEY DROP AREA is located just beside the garage door. Upstairs, you'll find a LARGE LOFT AREA and generous bedrooms, all with WALK-IN CLOSETS. The kitchen is a chef's dream with STAINLESS STEEL APPLIANCES, including a new microwave and range, GRANITE COUNTERS, 42" staggered upper cabinets with crown molding, an island with room for bar stools, and a LARGE CORNER CLOSET PANTRY. The PRIMARY SUITE is a peaceful retreat featuring DUAL WALK-IN CLOSETS, split granite vanities, a GARDEN TUB, a separate shower, and direct access to the laundry room with Closets by Design built-in cabinetry. Enjoy the FLORIDA LIFESTYLE from the COVERED PATIO overlooking a beautifully landscaped yard. Additional features include a WATER SOFTENER, RECESSED LIGHTING, a 3-car tandem garage, an inviting covered front porch, and much more. The Oaks at Shady Creek community offers a VIBRANT LIFESTYLE with amenities such as a clubhouse, community pool, playground, and basketball court. This home is ready for IMMEDIATE MOVE-IN and won't last long.
You may be able to put down less than the total down payment amount of $56,316 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: #t3533271