13122 Prestwick Dr, Riverview, FL 33579
5 beds · 3 baths · 3,888 sqft
Motivated Seller --- This home boasts a low-fee HOA community, no CDDs, new AC and water heater, and due to age of the roof, the seller is offering a BRAND NEW ROOF for added peace of mind! Entertain in style in this expansive 4-bedroom home with the potential for a 5th! Enjoy the huge bonus room, complete with a built-in wet bar, projector and surround sound system, perfect for game nights or movie marathons. Need a dedicated workspace? The home office is ideal but could easily be converted to a comfortable fifth bedroom. The spacious custom-designed kitchen overlooks the family room and patio and features custom cabinets, imported Italian granite countertops and newer stainless-steel appliances, perfect for entertaining or everyday meals! You can unwind and soak up the Florida sunshine on the screened-in patio, complete with a large, heated pool, spa, and inviting wood-burning fireplace – facing the 5th hole on the golf course. This is Florida living at its finest! This lovely home in the Clubhouse Estates at Summerfield community is close to the I-75 interstate, shopping and dining. 25 minutes from Tampa and 50 minutes from the beautiful St. Petersburg and Clearwater beaches.
Source: STELLAR #t3544817
Source: STELLAR #t3544817
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: #t3544817