12854 BOGGY CREEK DR, Riverview, FL 33579
View this beautiful home, 6 bedroom, 5 full baths, 4,831 square feet. This luxury home was built by Westbay Homes Builders offering true Florida resort style living. This is a SmartHome with WIFI-capable appliances, automated window and door shades. Most rooms have over-sized walk-in closets. The kitchen has Quartz counter-tops and high-end fixtures. The extended foyer opens to a formal living room, formal dining room, a grand room, kitchen island, breakfast nook, and lower outdoor lanai which overlooks the waterfront. The downstairs flooring is a wood tile design. The second floor consist of three secondary bedrooms, two bathrooms, and a very expansive bonus room which leads to the upper lanai, and an extraordinarily large laundry room. Also, on the 2nd floor is the Private Owners Retreat. This Master Bedroom Suite consist of: Double door entry, marble flooring, spa-like bathroom, and a massive walk-in closet. The interior of this home is professionally decorated with many designer pieces throughout that the seller is willing to negotiate, if desired. The exterior of this home is a coastal design, professionally landscaped lawn with automated irrigation. There are 3 clubhouses (the 3rd being constructed just down the road from this home). The Hammock Club Amenity Center has multiple swimming pools, tennis and basketball courts, walking and biking trails, playgrounds, fitness centers, meeting areas and more. The location of this home is one of its greatest assets. Adjacent to the home is the trailhead to one of Triple Creeks’ miles-long trails for walking, jogging, or even the occasional golf cart scenic viewings. Just up the road on Hwy 301 you will find many restaurants, shopping, and services. There are nearby schools within and adjacent to the Triple Creek Community for K-12. Move-In Ready!
You may be able to put down less than the total down payment amount of $124,742 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: #t3529871