11206 PADDOCK MANOR AVE, Riverview, FL 33569
PRICE IMPROVEMENT, ASSUMABLE VA LOAN at 2.25%! Welcome to your dream home in the gated community of Paddock Manor! This stunning 4-bedroom, 4-bathroom residence offers an open and spacious floor plan, perfect for modern living and entertaining. Situated on a coveted corner lot with no neighbors behind or to the side, this home provides unparalleled privacy. With only 46 homes in the community, you'll enjoy a sense of exclusivity and tranquility. The heart of the home features a kitchen with a generous island and breakfast bar, ideal for gatherings. The kitchen boasts granite counters and upgraded appliances, including a sleek refrigerator, a state-of-the-art stove, and a high-performance Bosch dishwasher, all updated in 2020. For added convenience, a water softener was installed in 2021, along with an under-sink water feature for filtered water. The living room is a showstopper with a tray ceiling and elegant crown molding, adding a touch of sophistication to the space. The primary bedroom, conveniently located on the first floor, is a true retreat featuring a spacious layout, a large walk-in closet, and an ensuite bathroom with dual vanities, granite counters, and a luxurious shower. Also on the first floor is a versatile den, perfect for various uses. Upstairs, you'll find three additional bedrooms, a loft space that can be used for anything from a play area to a cozy reading nook, and a pocket office that offers a quiet workspace. All bathrooms in the home are adorned with elegant granite counters. The enclosed patio and pool area provide a private oasis. The pool cage and privacy fence, installed in 2020, offer both security and seclusion. Enjoy year-round swimming with the pool heater, installed in 2021. The garage is equally impressive, featuring a sink and overhead storage racks, both added in 2020, providing ample space for all your storage needs. Don't miss the opportunity to own this exceptional home in Paddock Manor, where luxury and convenience meet in perfect harmony. Schedule your private tour today and experience all this home has to offer!
You may be able to put down less than the total down payment amount of $166,296 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: #t3538156