12518 Midpointe Dr, Riverview, FL 33578
4 beds · 2 baths · 1,936 sqft
Move in Ready!! Welcome to this stunning home in the desirable South Pointe Community. This home features 1936 sf of living space with 4 BR and 2 Full Baths, Living/Dining Room, Large Kitchen with Middle Island and Eat in area, Large Family Room, 2 linen closets, Coat Closet, Laundry Room, Large Lanai, and Attic Storage. Spacious Primary Bedroom with a Custom made Closet. The luxury primary bath has marble floors and walls, Tandem shower and a private Water Closet. The second bath features A Soaker Tub Shower Combo. There is more !! Doors/drawers are soft closing in Master Bath, 2nd Bath & Kitchen. All new Smart appliances, New Wooden Glazed Floors, Large Tile & Plush Carpet in 3 Bedrooms, New Baseboards, all counters are Granite, Onyx or Marble, Fans in 6 rooms. All Rooms have midway electrical wall outlets for tv's, 3 New Chandelier lighting, Custom Blinds, All Windows open "in" for easy cleaning. The home also comes with a Rain Bird Sprinkler System, Water Softening System, 2 garage door openers & garage keypad entry, Complete Security System including 3 cameras & all doors & Windows can be Monitored, Smoke alarms wired & Sensor and Hurricane shutters. State of the Art New Air Conditioning/Heat System. Roof is 8 years & just passed inspection 2024. Step outside and relax on your huge lanai viewing lush landscaping. The entire exterior has 7 Palm Trees, 9 Crepe Myrtle Trees. New flowered landscaping surrounding the entire home. Front & Back Brick Walkways, Back yard has Wooden Fence. The community offers two pools, a playground area, basketball court, a club house, low HOA and no CDD. Easy access to I-75 , theater’s, shopping, and restaurants. Call now to schedule a showing!!!
Source: STELLAR #TB8330430
Financials
Source: Public records
Source: STELLAR #TB8330430
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.