12825 SCARLET STAR DR, Riverview, FL 33579
Property has an ASSUMABLE LOAN. Discover your dream home in this exquisitely renovated 4 bedroom 2 bath home perfectly situated across from a community park with ample street parking - ideal for families and entertaining. This home combines modern elegance with practical design and high-end upgrades, including luxury vinyl plank flooring. The gourmet kitchen offers granite countertops, chic subway tile backsplash, an energy-efficient glass stovetop/oven combo, a built-in microwave with a ventilation system, an upgraded refrigerator/freezer combo, and a top-of-the-line dishwasher. Double barn doors reveal a generous pantry, blending charm with functionality, while a stylish shiplap island adds a touch of modern sophistication. The living room features a custom shiplap TV wall, and throughout the home, thoughtful details such as an oversized barn door in one of the bedrooms, a smart thermostat, and custom storage in the entryway closet. The primary bedroom ensuite boasts his and her sinks, a spacious walk-in closet with custom shelving, and modern oversized toilets with water-saving technology in both bathrooms. Step outside in your private backyard oasis, complete with high-quality pavers, a pergola with retractable shades, and a therapeutic spa with integrated lighting and sound. The backyard is fully enclosed by a 6 foot privacy fence with gates on both sides for added security and convenience. The exterior of the home is equally impressive, featuring an upgraded garage door with elegant faux wood paint, custom-built wooden shutters, and tailored concrete curbing. Additional highlights include customizable permanent lighting, lush landscaping, and an updated sprinkler system. Located in the sought-after community of TRIPLE CREEK where you will enjoy access to basketball, tennis, and volleyball courts, two gyms, and multiple parks, all within walking distance. The neighborhood offers two community pools (with a third under construction), extensive walking/biking trails, and frequent community events. Nearby dining and shopping options and conveniently located to major roadways for commuting. Schedule your showing today!!
You may be able to put down less than the total down payment amount of $194,355 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: #t3552283
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.