11464 CHILLY WATER CT, Riverview, FL 33569
Welcome to your dream home! This stunning 5-bedroom, 3-bath residence offers 3,200 square feet of luxurious living space. Being only four years old, this home combines modern comfort with style. Step inside to discover a spacious floor plan designed for both relaxation and entertaining. The first floor features a versatile bedroom, ideal for guests or a home office. The open-concept living area is bathed in natural light, featuring high ceilings, enhancing the sense of space. The kitchen is a chef's delight, equipped with modern appliances, ample cabinetry, and a large island perfect for meal prep and casual dining. The island fits four large stools comfortably. There is a fabulous work space tucked just off the kitchen, which makes an excellent area for homework or the makings of a butler's closet. The main suite, four additional bedrooms, and two well-appointed bathrooms are upstairs. A separate loft/game room/living space upstairs provides a perfect area for recreation or relaxation. The Home sits on a generous corner lot, fully fenced for privacy. The expansive yard offers plenty of space forpets, and outdoor gatherings. With no CDD fees, this home delivers both luxury and affordability. Don't miss the chance to make this exceptional property yours!
You may be able to put down less than the total down payment amount of $276,092 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: #tb8303685