3514 YALE CIR, Riverview, FL 33578
**THIS PROPERTY QUALIFIES FOR A 1% LENDER INCENTIVE IF USING PREFERRED LENDER. INQUIRE FOR MORE DETAILS.** Welcome to your new pool home in Ivy Estates, a perfect blend of practicality and comfort. This charming 4-bedroom, 2-bathroom home offers over 1,600 sq ft of thoughtfully designed living space, ideal for both relaxation and entertaining. As you step inside, you're greeted by a formal living and dining room combo, creating a seamless space for gatherings, while the family room, complete with a rustic stone wood-burning fireplace, invites warmth and relaxation. Enjoy the peace of mind of a new roof installed in 2020, ensuring long-lasting durability for years to come. Step outside to the expansive screen-enclosed lanai, where you can enjoy views of the sparkling, oversized pool—perfect for cooling off on warm days or relaxing with family and friends. The fully fenced backyard offers privacy, and with no HOA or deed restrictions, you have the freedom to bring your boat, RV, or other recreational vehicles. This flexibility allows for endless customization opportunities to create your ideal outdoor retreat. The yard also features multiple pergolas and a storage shed, offering flexibility and space for all your outdoor projects. The home is surrounded by lush landscaping, creating a tranquil and private retreat, while sliding glass doors from the family room, dining room, and primary suite allow for easy access to the lanai, enhancing the indoor-outdoor living experience. The primary suite is bathed in natural light, creating a bright and inviting retreat. It features an elegant ensuite bathroom with dual sinks, a tiled shower, and a spacious walk-in closet. The split floor plan provides privacy, with three additional bedrooms tucked away on the opposite side of the home, sharing a hall bath. Residents of Ivy Estates enjoy easy access to a variety of shopping plazas, offering excellent options for dining, shopping, and entertainment. Outdoor enthusiasts will find scenic trails at Alafia River State Park and Riverview Park, while golfers can take advantage of the nearby Summerfield Crossings Golf Club. A short drive to Tampa opens up opportunities to explore popular attractions like the Florida Aquarium and Raymond James Stadium. Experience the vibrant lifestyle and convenience of Ivy Estates!
You may be able to put down less than the total down payment amount of $113,793 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: #a4623308
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.