11126 ABACO ISLAND AVE, Riverview, FL 33579
PRICE IMPROVEMENT! LOWEST PRICED 4 BEDROOM HOME IN LUCAYA LAKE!! You’re going to LOVE this home in Lucaya Lake Club in Riverview! This beautiful and well maintained home has 4-bedrooms, 2.5-baths, and 2,476 square feet of living space, perfect for a household or someone who just likes to spread out and have space! As you walk in, you'll love the spacious family room where everyone can gather and relax. The kitchen has tons of cabinets, stainless steel gas appliances, and plenty of space for the chef to prep and cook. The main floor also has a flexible den/office space, perfect if you work from home. There’s also a handy half bath downstairs for your guests. Upstairs there is a loft space that you could be used as an extra TV space, play area, sitting room, man cave, or whatever your heart desires! The primary bedroom is your personal retreat, complete with a large walk-in closet and an en-suite bathroom that features a garden tub, separate shower, dual sinks, and a vanity. There are three more roomy guest bedrooms upstairs, along with a full guest bath. The laundry room is also upstairs, making laundry day so much easier. The sliding glass doors off the dining room lead out to your brick paved patio, overlooking your lush yard, making it a perfect spot to entertain, have your morning coffee, or just to enjoy the peace and quiet. Built in 2018, this home is practically brand new, and the owners recently installed a $15,000 AC that keeps the entire home cool. The community offers awesome resort-style amenities including a fitness center, clubhouse, community pool, splash pad, and a playground. The most beautiful feature of this community is its 78-acre lake; accessible to all residents for canoeing, kayaking, paddle boarding. Plus, you're super close to all major highways, shopping, restaurants, entertainment, and more. This home is perfect for anyone looking to enjoy a friendly, vibrant community in Riverview. Come see it today and make it yours!
You may be able to put down less than the total down payment amount of $167,309 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: #u8249955