3507 Autumn Glen Dr, Valrico, FL 33596
5 beds · 3 baths · 2,807 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Deep in the heart of Riverhills community in Valrico, Florida, is this spacious, well maintained home, awaiting its new owners. You will be delighted from your staff-attended welcome at the gates as tree-lined streets draw you into the Riverhills oasis. Walking trails, mature landscapes, and amenities exclusive to community residents await! Upon arrival, you will note the canopy created by mature shade trees as the home arises from Autumn Glen Drive. Entering the home, you are greeted by a spacious open great room leading into more than 2800 square feet of living space. The living/great room is perfect for entertaining guests, Super Bowl parties, and more with the bar strategically located in the same functional space. Venturing into the kitchen, the built-in breakfast nook provides views overlooking the pool, while the spacious kitchen is adequate for more than one chef! On to the dining area, you will note custom built ins for additional storage. There's a bedroom and full bath on the first level that would make a great multi-gen living arrangement. The laundry is on the first level making it accessible for everyone. Venturing upstairs, the owners suite is private and equipped with a sitting room in addition to the ensuite bath and multiple closets. Three additional bedrooms await! Office, home gym, crafting, you decide! With this much space you can repurpose rooms to meet your needs. Venture outdoors, and you will be immersed in outdoor pleasures from mature landscaping to poolside splendor. What are you waiting for? Schedule your tour today!
Source: STELLAR #L4949870
Learn about how it works
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
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #L4949870
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.
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.
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.
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.
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.
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.