4704 Chatterton Way, Riverview, FL 33578
2 beds · 3 baths · 1,320 sqft
Under contract-accepting backup offers. ASK HOW YOU CAN RECIEVE UP TO $7000 in CLOSING COSTS CREDIT on This Quaint Townhome in a GREAT Location with Family Friendly Ammenities ! This 2 bedroom 2.5 Bath Townhome has a beautiful spacious layout with nice updates such as wood cabinets , granite countertops, laminate and ceramic tile flooring throughout and updated master bath with large open shower and gorogeus tile . AC was recently serviced and Blue Light Installed to prevent mold to help with allergens. This sought after gated community of Magnolia Park offers many amenities such as a large pool , clubhouse , dog park, ponds, and multiple playgrounds. The Grounds are well kept and exterior maintainence is included. The property is located close to 75 and the Crosstown Expressway for easy access to down town Tampa, The Riverwalk, and the Beautiful Gulf Coast Beaches are within 30- 60 minutes away. SELLERS ARE MOTIVATED and OFFERING up to $2500 CLOSING CREDIT . This property also QUALIFIES FOR UP TO AN ADDITIONAL $4500 towards closing costs, prepaids and/ or rate buydowns with preferred lender. Schedule your showing today!!
Source: STELLAR #t3533818
Source: STELLAR #t3533818
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #t3533818
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.