3399 Riverdale Dr, Dade City, FL 33523
2 beds · 1 baths · 1,150 sqft
Look no further! The turn-key, 2 bedroom + Bonus Room, 1 bath, Pool home you have been waiting for awaits on this 1/3 acre, corner lot property! You will be warmly welcomed by a circular drive, a 2-car carport, tropical palm trees, a storage building, and a fenced yard. The new owners will enjoy several upgrades, including 2021 windows, a 2018 roof, 2021 stucco and landscaping, and 2021 pool equipment! Step inside to an open-concept floor plan with high vaulted ceilings and no carpet in the entire house! The spacious living room opens up beautifully to the eat-in dining room and kitchen with a breakfast bar, a 3-piece stainless steel appliance package, and light and bright white cabinetry. A newer set of French doors bring in natural light and lead out to the lanai and pool deck. The generously sized bonus room is privately located on the north side of the residence and was used as a primary bedroom! Two traditional bedrooms rest on the opposite side of the home near the updated bathroom, featuring a new vanity with a vessel sink, a walk-in shower with a sliding glass door, and newer lighting. In the backyard, you can take a dip in the sparkling swimming pool with a new vinyl liner, enjoy the fenced yard, tinker in the storage shed, or take advantage of the location that provides quick access to major highways and a short drive into Brooksville or Dade City. Call today to view this must-see property!
Source: STELLAR #TB8365252
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #TB8365252
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “Save search” 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 620, 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.