8701 Falling Blue Pl, Riverview, FL 33578
3 beds · 3 baths · 1,785 sqft
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!
Source: STELLAR #t3534461
Source: STELLAR #t3534461
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: #t3534461
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.