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$368,000 SIGNIN

Sign in to see required down payment for the 2.81% rate

11208 Leland Groves Dr, Riverview, FL 33579

4 beds · 2 baths · 1,841 sqft

Welcome to this charming single-story home with 4 bedrooms, 2 bathrooms, a 2-car garage, and a private fenced backyard with no rear neighbors. Inside, you'll find tile floors, modern light fixtures, ceiling fans, and recessed lighting. The open floor plan connects the kitchen, living room, and dining area, creating a functional and welcoming space. The living room overlooks the backyard that backs to open space. The kitchen features plenty of counter and cabinet space, a large center island, and GE appliances. The primary suite at the back of the home offers a peaceful retreat with an ensuite bathroom that includes a double vanity, walk-in shower, and spacious walk-in closet. Three additional bedrooms with neutral tones and soft carpet share a second bathroom. There's also an indoor laundry room with a washer and dryer near the front of the home, leading to the 2-car garage. This property features at closing paid-off solar panels, providing new owners with the benefits of renewable energy without the upfront cost. Enjoy lower utility bills thanks to clean, sustainable power, which can also increase your property value. The community offers a resort-style pool, fitness center, walking trails, clubhouse, play room with pool tables and foosball, and playground, all within walking distance. The location is equally impressive, with Sumner High School just a short bike ride or walk away. The home is only minutes from major highways like I-75 & US-301, as well as popular destinations such as Publix, Starbucks, Sam’s Club, Crunch Fitness, HomeGoods, Marshalls, Bealls, and St. Joseph's Hospital South. Everything you need is within a 5-10 minute drive, making this location truly unbeatable. Come and explore this incredible home today!

Estimated
Seller's interest rate
2.81%
7%
Estimated
Monthly payment

$1,424
$1,854
You may also save up to $132,412 in total interest paid.

Learn about how it works

Why Roam


Gap financing to lower your down payment

Unlock down payments as low as 5% – only with Roam

5x the likelihood your offer is accepted

If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close

Close faster and stress-free

We close 2x faster because of our deep experience and lender relationships

Rates and payments are estimates based on public records.

Financials
Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $1,854 monthly payment

Financed
SIGNIN
Location
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Loan details
Loan type
FHA
Rate
2.81%
Remaining term
25 yrs and 8 mos
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$1,424
Principal & interest
$803
Mortgage insurance
$138
Property taxes
$142
Home insurance
$334
HOA fees
$6
Utilities
Not included

Source: Public records

Home details
Size
1,841 sqft
Lot size
0.14 acres
Year built
2018
Type
Single Family Residence
HOA dues
$6.00

Source: STELLAR #TB8371671

Qualify

To qualify, you must meet the current FHA or VA 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%. 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.

FHA (Federal Housing Administration) loans

FHA loans require the buyer to assume the mortgage as a primary residence.

VA (Veteran's Affairs) loans

You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.

Investors

You may be able to assume a VA mortgage as an investor without it being your primary residence.

Resources
Frequently asked questions

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.

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.

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.

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 “Save search” 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.

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 620, 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.

View all FAQs
Last updated: Apr 23, 2025 09:49 am
Listing agent: Ana Mitchell (813) 599-4669
Listing provided courtesy of: ROBERT SLACK LLC (352) 229-1187
Details provided by STELLAR and may not match the public record.
MLS ID: #TB8371671
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 © 2025 MLS GRID. All Rights Reserved.
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$1,424
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