8701 FALLING BLUE PL, Riverview, FL 33578
Welcome to this stunning townhome in the Gated Community of Osprey Lakes, ideally situated as an end unit. Seller is Willing to let remainder of her loan be assumed when using a VA Loan at a 2.33 interest rate. This beautifully maintained home features 3 bedrooms, 2 ½ baths, and a 1-car garage. Enjoy the convenience of a wider, longer 2-car driveway due to its location at the bend in the street. Inside, the open floor plan is highlighted by custom paint that matches the original model center, creating a cohesive and inviting atmosphere. The spacious kitchen overlooks the living room, perfect for cooking enthusiasts, with ample cabinet space, a large walk-in pantry, and a beautiful island. Triple sliders off the living room open to the screened lanai, offering a seamless indoor-outdoor living experience. A convenient half bath is located downstairs. Upstairs, a utility closet with washer and dryer included, along with a loft that provides a view of the large adjacent lot and floods the space with natural light, adds practicality and charm. The secondary bedrooms are separate from the master suite, which boasts two large walk-in closets—one off the bedroom and one off the bathroom. The secondary bedrooms share a Jack & Jill bathroom. Additional features include no rear neighbors, indoor ceiling fans with remotes, recently upgraded faucets, blinds throughout, and custom garage shelving for extra storage. This DR. HORTON Vale floor plan offers the solidity of a concrete block structure on both floors, ensuring energy efficiency and insurance savings. A fire hydrant across the road may qualify for insurance discounts. Located in a gated community of just 179 townhomes, each with a double driveway and extra parking available throughout, the neighborhood boasts a low HOA that includes lawn maintenance and no CDD fees. Enjoy a short commute to Macdill, the Selmon Expressway, Downtown Tampa, as well as the abundant shopping and dining options of Brandon. Don’t miss the virtual walkthrough—schedule your private showing today before this exceptional home is snapped up!
You may be able to put down less than the total down payment amount of $135,301 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: #t3534461
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.