12147 Water Ash Pl, Riverview, FL 33569
3 beds · 2 baths · 1,516 sqft sqft
Seize the opportunity offered by the VA ASSUMABLE MORTGAGE WITH AN ENTICING 2.8% INTEREST RATE. Turn key, immaculately maintained, recently constructed 3-bedroom, 2-bathroom home with a 2-car garage, nestled within the tranquil cul-de-sac of Riverview's coveted Ridgewood community. Crafted with contemporary living in mind, this residence offers a spacious open-plan layout, with beautiful tile flooring throughout the living/family room, foyer, laundry room, and bathrooms. The kitchen comes with stainless steel appliances, granite countertops, a sizable island with extra seating for entertaining. The ample wood cabinetry and pantry provides an abundance of storage seamlessly flowing into the living space. The spacious owner's suite is a retreat unto itself, complete with a walk-in closet and an en-suite bath boasting a spacious double vanity and walk-in shower. Meanwhile, the two additional bedrooms on the opposite side of the home afford privacy and comfort for all occupants. You'll enjoy the shaded lanai at the rear of the house. Unwind, barbecue, and host gatherings in this inviting space. Noteworthy features of this residence include energy-efficient insulation, foam-injected block insulation, a premium upgraded whole house Wi-Fi enabled water softener system ($8K upgrade), and storm shutters ensuring both comfort and sustainability. Contact us for further information.The community amenities include a refreshing swimming pool, inviting cabana, and playground. Conveniently located just a short distance from I-75 or US 301, Riverview provides easy access to MacDill, Tampa, Sarasota, and the stunning Gulf Coast beaches. Noteworthy - This home didn't receive damage from the hurricanes! Low HOA of $16 per month! Don't miss the opportunity to make this exceptional property your own - schedule your showing today!
Source: STELLAR #tb8315054
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8315054
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: #tb8315054
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.