1893 Riveredge Dr, Tarpon Springs, FL 34689
4 beds · 3 baths · 2,540 sqft
This breathtaking waterfront home sustained no damage during last year’s hurricanes and requires no flood insurance—an incredibly rare find! Perfectly positioned on a lushly landscaped lot with direct Gulf access, this 4-bedroom, 3-bath, 3-car garage POOL home offers the ultimate Florida lifestyle. With a private dock, brand-new boat lift, and luxurious interior updates, this is a home you don’t want to miss! From the moment you step inside, stunning water views draw you in, visible from the formal living and dining rooms, family room, and owner’s suite. High ceilings, rich hardwood flooring, crown molding, plantation shutters, and designer lighting add sophistication, while the open split floor plan creates a seamless flow. The gourmet kitchen is built for entertaining, featuring granite countertops, custom cabinetry, stainless steel appliances, a gas range, a breakfast bar, and a charming breakfast nook with built-in seating, all overlooking the sparkling water. The private owner’s suite is an oasis of comfort, boasting a tray ceiling, large walk-in closet, and a spa-like ensuite bath with dual sinks, a soaking tub, step-in shower, and new light-up mirrors. Three additional bedrooms and two full baths provide plenty of space for family and guests. Step outside to your heated pool and spillover spa, surrounded by travertine decking and a covered screened lanai—the perfect setting for relaxing or entertaining. Just beyond, your private dock, upgraded in 2024 with a new lift motor, new pilings, and updated electrical, makes it effortless to launch your boat and head straight to the Gulf in minutes. With fresh interior and exterior paint, new landscaping, updated fixtures, a brand-new pool pump (2024), and a 2016 roof, this home is move-in ready and waiting for you. Waterfront homes like this are a rare opportunity—schedule your private showing today!
Source: STELLAR #TB8345104
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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 #TB8345104
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.