16746 PARKER RIVER ST, Wimauma, FL 33598
Welcome to 16746 Parker River St, a charming waterfront property nestled in the serene Creek Preserve community of Wimauma, FL. This delightful home boasts 3 bedrooms and 2 bathrooms, offering a comfortable and inviting living space. The heart of the home is its spacious eat-in kitchen, complete with a breakfast bar and elegant granite countertops, perfect for culinary adventures and casual dining alike. The master bedroom provides a tranquil retreat with its tiled shower and upgraded glass shower door, adding a touch of luxury to your daily routine. A 2-car garage offers convenient parking and storage space, complemented by automatic garage lights and a professional epoxy floor for added functionality and style. Beyond the confines of the home, residents can enjoy a plethora of amenities including a refreshing pool, playground, clubhouse, and a convenient dog park, catering to various lifestyle needs. Located between Tampa and Sarasota, this property offers easy access to major highways such as I-75, ensuring seamless commutes and endless opportunities for exploration. Additionally, the proximity to shopping centers ensures that daily errands are within reach. For added convenience and comfort, this home features upgraded touches throughout, including flooring in the attic with a drop-down ladder, upgraded shelving in all closets, remote-controlled ceiling fans in all rooms, upgraded backsplash, handles on all cabinetry, and upgraded light fixtures in the kitchen, hallway, and dining room. Don't miss the chance to call this remarkable property your own, where serene waterfront living meets modern comfort and convenience.
You may be able to put down less than the total down payment amount of $42,427 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: #a4606013