1192 7TH AVE NW, Ruskin, FL 33570
Built in 2021, this stunning Elston Model by DR HORTON SMART HOME residence offers an idyllic lifestyle just a stone's throw from the sandy shores of Little Harbor Beach, shopping, restaurants, and more. This 2-story haven boasts 4 bedrooms and 2.5 baths, perfectly designed for family life and serene retreats. A 2-car garage adds convenience to your everyday living, providing ample space for parking, storage and easy access to your home. The property boasts a fully fenced yard, ensuring added privacy and security, making it an ideal space for pets and outdoor activities. The heart of the home features an inviting open concept design, with tile floors throughout, making it ideal for social gatherings and easy cleanup! The spacious kitchen has granite countertops, a generous walk-in pantry, stainless steel appliances, and an expansive breakfast bar perfect for quick meals or morning coffee chats. On the second level, the upstairs loft provides flexible space for fitness, work, or play, along with a conveniently located laundry room on the same floor. With all bedrooms upstairs, there is plenty of privacy for the family. Retreat to the owner's primary suite, complete with a large walk-in closet and a sleek double vanity and walk-in shower. The Shell Cove community provides a lifestyle, low HOA and low CDD fees. Shell Cove features a wide range of amenities for you to enjoy, such as a resort-style pool, open-air cabana, basketball court, Tot Lot, and dedicated dog park. Ruskin, Florida, provides a perfect blend of suburban charm and proximity to urban amenities. Whether you're heading to Tampa for work or play, the location makes commuting a breeze. Embrace the Florida lifestyle in Shell Cove! Schedule a property showing today and let the journey to your dream home begin!
You may be able to put down less than the total down payment amount of $100,172 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: #a4620543