12365 SILTON PEACE DR, Riverview, FL 33579
Welcome to your CERTIFIED Pre-Loved Home, which means Pre-inspected and worry-free! This gem is ready for its new owners! Built by David Weekley Homes, this spacious residence features a fully fenced property with 4 bedrooms, 3 full bathrooms, a formal dining room, and a 3-car garage. Plus, enjoy the luxury of 2 bonus rooms, solar power, and a whole-house water filtration system. As you approach, you'll be greeted by a tropical landscaped front yard and an inviting screened front porch. Step inside to discover high ceilings and an organically flowing floor plan that balances privacy and functionality. The primary bedroom offers a versatile extra space perfect for a reading nook or fitness area- your choice! Indulge in the fabulous primary bathroom with a jetted tub, shower, dual sinks, a separate water closet, and a grand walk-in closet. The north wing of the house features three additional bedrooms, two bathrooms, and another bonus room. The heart of the home is the modern kitchen, boasting stainless steel appliances, 42" cabinetry, Corian countertops, a kitchen island, and an extensive breakfast bar overlooking the eating area and living room. Oversized sliding doors reveal a fully fenced backyard with lush grass and banana trees. The screened lanai, equipped with floating composite deck tiles and shade panels, offers ample room for entertainment. An adjacent open patio is perfect for grilling or cozying up around the firepit. Additional features include a garage workbench, an extra electrical panel for generator hookup, extra lighting, and a Tesla charger station. Recent upgrades include a new roof (2022), AC with UV lights (2022), and a gas water heater (2019). Plus, the paid-off solar panels add significant value and energy efficiency. Located in the Panther Trace community, it offers amenities such as a community pool, clubhouse, basketball, tennis/pickleball courts, batting cages, and a playground. Collins K-8 school is conveniently within walking distance. You must experience it in person!
You may be able to put down less than the total down payment amount of $245,872 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: #t3539438