1202 7th Ave NW, Ruskin, FL 33570
5 beds · 3 baths · 2,522 sqft
Nestled on a tranquil street in Shell Cove, this exquisite 5-bedroom, 3-bathroom residence offers a serene setting overlooking a scenic pond and is just a short walk across the street from the community center. The meticulously designed custom landscaping sets a remarkable tone for the home’s custom interior features. Upon entering through the lead glass front door, you are greeted by a spacious foyer with elegant ceramic tile floors and a beautifully crafted wood tread staircase that leads to the second floor. Adjacent to the foyer, a thoughtfully designed entry nook beneath the stairs serves as an ideal drop zone or pet area. Beyond this, the open-concept living space flows seamlessly between the dining room, kitchen, and family room, all adorned with ceramic tile flooring. The dining room is bathed in natural light, creating a welcoming atmosphere. The kitchen is a culinary enthusiast's dream, featuring a large island with three beautiful pendant lights, stainless steel appliances (including a refrigerator that is only one year old and a beverage fridge that is only two), tall cabinetry, a striking tile backsplash, crown molding, and both under-cabinet and over-cabinet lighting for added ambiance. The oversized pantry has ample shelving and an antique glass pocket door that adds a unique touch of character. The spacious family room is perfect for relaxing and includes a sliding glass door that leads to your private tropical retreat. The expansive, covered, and screened lanai offers a peaceful outdoor escape, while the large backyard boasts a wading pool, fire pit, pergola with swing and hammock attachments, and a PVC privacy fence that still provides unobstructed views of the scenic pond. On the first floor, you'll also find a generously sized guest bedroom with a walk-in closet and a full guest bathroom with a walk-in shower. Ascend the beautiful staircase with oak treads to the second floor, where you’ll be welcomed by a stunning loft with luxury vinyl plank flooring and a custom-built bookcase. The master suite is a true sanctuary, featuring an expansive layout and a large walk-in closet. Dual custom barn doors lead into the elegant master bathro
Source: STELLAR #TB8364222
Financials
Source: STELLAR #TB8364222
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.