12522 Riverglen Dr, Riverview, FL 33569
5 beds · 4 baths · 3,069 sqft
Under contract-accepting backup offers. WOW!! This beauty is located in The Reserves at River Watch - the well established, gated section of Riverglen. Nestled amongst the oak trees on a 1.27 acre lot, this property has so much to offer! An outdoor space like this doesn't come along everyday. A beautiful pavered patio with fire pit is the focal point of the enormous backyard that is perfect for entertaining, playing and exploring. It's your own private oasis! Step inside the home and fall in love with the spacious, open concept floorplan. The living room, dining room, family room and kitchen are situated to create an easy flow and cohesive living environment. The kitchen is light and bright with stainless steel appliances, pantry and breakfast nook. The island provides a gas cooktop and grill. The bedrooms are located on the first floor with a massive bonus room (5th bedroom) upstairs. Use your imagination and think of the uses - pool room, game room, play room, craft room, man cave, teen suite, media room - the possibilities are endless! The primary bedroom boasts a huge walk-in closet and an en suite bathroom - soaking tub, separate shower and updated vanity with dual vessel sinks. One of the secondary bedrooms has an en suite, as well - perfect set up for an in-law or teen suite. Top it all off with a 3 car garage! Roof - 2018, A/Cs - 2020, vinyl plank flooring - 2024. NO CDD. Community parks with tennis, basketball gazebo and playgrounds. Schools, parks, dining, shopping, boating, fishing and proximity to major roadways make Riverview a great place to live!
Source: STELLAR #t3531486
Source: STELLAR #t3531486
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: #t3531486
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.