11420 Alachua Creek Ln, Riverview, FL 33579
5 beds · 3 baths · 3,566 sqft
Welcome to a home full of upgrades that were custom designed to fit this property, which makes living so much more pleasant and comfortable! The seller will provide a qualified Buyer with a 13 months Home Warranty plan, at closing. You can enjoy Florida Living to the fullest all year round, considering all the exterior features that current owner added to this house, such as front porch, fenced in backyard, screened in large lanai with an extended patio for entertaining guests, custom designed landscape full of exotic and colorful plants, cherry and peach trees. As you enter the home, you will be greeted by a grand foyer, where natural light floods through a large window and high ceilings. To your right you will find a bonus room, which can serve you as a formal dining room, a playroom, a library or an office. To the left from the entrance you will find an enlarged mudroom, former laundry room, with plenty of space for storage. This room connects to an oversize 2 vehicle garage, which features upgraded Epoxy floors. This home is well equipped with 220 Volt electrical outlet to charge a vehicle, hurricane shutters, and a recently added water softener. Upgraded washer and dryer are kept in the garage area. Back inside the house if you follow the entry way to the back, you will find a family room to the right , which flows seamlessly with a gourmet kitchen, completed with updated appliances, a large center island and an oversize walk in pantry closet. Kitchen area leads you to a gorgeous, enclosed backyard, full of greenery and space for all your backyard activities and entertaining. Off to the right from the kitchen area is a full bathroom with updated fixtures and a bedroom is right next to it. Facing the kitchen is a staircase that will take you up to a spacious loft area, that can be used as a game room, a movie theater or a playroom. Second floor area has been updated with vinyl flooring and bathroom fixtures. Every closet has been upgraded with custom designed shelves to store all your clothes, shoes and accessories. The master suite and the loft area feature custom designed ceilings. The Master bathroom comes with a walk in shower, double sink area and extra vanity space to accommodate all your needs! The expansive walk-in closet offers an abundance of storage, to ensure that your wardrobe is very well organized! Three additional bedrooms located upstairs are spacious and bright. The bathroom features double sinks and a tub. Carlton Lakes Community is well known for it's amenities, including a swimming pool, a workout room, a playground and a dog park. It is conveniently located near I-75, hospital, less than a mile away from a Publix Plaza, gas station, newly built Starbucks, famous Goodson Farms Strawberry Market, and Manatee Viewing Center.
Source: STELLAR #t3517269
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #t3517269
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #t3517269
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.