7013 Summer Holly Pl, Riverview, FL 33578
3 beds · 3 baths · 1,400 sqft
LOW HOA, NO CDD! Experience the charm of this Taylor Morrison Jasmine model, now available with a Lease Option or traditional sale. Ideal for first-time homebuyers. Upon entering, you're welcomed by an inviting open floor plan that seamlessly connects living spaces. Gorgeous Kitchen: Adorned with matching granite countertops, the kitchen features elegant ivory 42" cabinets and opens directly into a spacious living area, perfect for entertaining or family time. Outdoor Living: Step out from the living room to a screened-in lanai where you can enjoy Florida's outdoors in comfort. Upstairs: A versatile loft area awaits, ideal for a home office or reading nook. The master suite is generously sized to accommodate a King bed, complete with a large walk-in closet equipped with a smart home console for your tech needs. Master Bath: Offers luxury with dual vanity sinks and a spacious walk-in shower. Security Features: The home is equipped with hardwired door and window sensors, plus a doorbell camera for added peace of mind. Storage Solutions: Discover extra storage under the stairs, perfect for holiday decor or seasonal items. Community Amenities: The community pool is just steps away at the end of the street. Prime Location: Elm Ridge at Oak Creek is strategically positioned near major routes like US 301, I-75, and the Crosstown Expressway, providing easy access to dining, shopping, and recreation. Don't miss the chance to own this gem.
Source: STELLAR #tb8325972
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8325972
Source: Public records
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: #tb8325972
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.