11453 Misty Isle Ln, Riverview, FL 33579
3 beds · 2 baths · 1,859 sqft sqft
This impeccably maintained residence in the prestigious South Cove community in Riverview offers a sophisticated lifestyle with access to dual sets of amenities and the added benefit of no CDD fees. The exterior has been thoughtfully enhanced with landscape curbing and vibrant tropical trees, presenting an inviting façade. Upon entering, you are greeted by a versatile bonus room, large windows that allow abundant natural light, and contemporary laminate flooring. The kitchen, designed with the culinary enthusiast in mind, provides ample counter space and abundant cabinetry, seamlessly flowing into a spacious family room that accommodates even the largest furnishings with ease. Transitioning outdoors, the newly screened and covered lanai offers a serene view of the expansive fenced yard, ideal for outdoor activities and relaxation. The master suite, situated at the rear of the home for optimal privacy, is highlighted by multiple windows and a generous walk-in closet, with an en-suite bathroom featuring dual sinks, extensive storage, a walk-in shower, a separate soaking tub, and a private water closet. The secondary bedrooms are conveniently located near the guest bathroom and laundry area, complete with a brand-new washer and dryer. The garage is equipped with custom-built shelving and pull-down attic access, offering extra-thick insulation and additional storage space. Recent upgrades include a new roof, a new A/C system, and professionally installed detachable hurricane shutters, ensuring comfort and security during storms. Residents of this community enjoy a wealth of amenities, including pools, playgrounds, tennis courts, and a fitness center, all within close proximity to shopping, dining, and major highways for easy access to the airport and beaches.
Source: STELLAR #t3544094
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #t3544094
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: #t3544094
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.