13042 Pennybrook Dr, Riverview, FL 33579
4 beds · 3 baths · 3,265 sqft
Step into LUXURY in this West Bay built "Ballast Point" model, featuring a spacious two-story design with split courtyard garages. The inviting foyer leads to a GRAND living area with a chef’s kitchen featuring a LARGE ISLAND, SLEEK stainless steel appliances, crisp white cabinetry, a butler's pantry and a large walk-in pantry. Entertaining is a breeze as the space flows into the living room, highlighting a decorative shiplap wall with a built-in electric fireplace. Natural light flows seamlessly through this space from the MASSIVE sliding doors that open to a covered lanai and beautifully landscaped backyard. The main floor includes a secluded guest suite, a pocket office tucked off the kitchen, AND a formal office with built-ins. Upstairs, the private owner’s retreat offers a spacious walk-in closet and a spa-like bathroom, which features dual sinks and vanities, a standing shower with dual shower heads (one featuring a ceiling rain feature), a soaking tub, and a private commode. Two additional bedrooms, a bonus room, and a laundry room complete the upper level. This beautiful home shows like a model with its STUNNING light wood-colored LVP flooring and decorative wood accents throughout. Located in the desirable neighborhood of Triple Creek, residents are offered access to TWO community swimming pools, two clubhouses, two fitness centers, basketball and tennis courts, walking trails, playgrounds, dog park and MORE! Don't wait - schedule your showing today! ***VA ASSUMABLE LOAN AT 2.875%***
Source: STELLAR #TB8369823
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Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #TB8369823
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.