11217 Fiddlewood Dr Riverview, FL 33579
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About this home
Awesome view, 2 Master bedrooms, large lot. Roof and attic insulation in 2017, windows and water heater in 2021. Re-pipped in 2022. AC and Ducts 2023. 1656 sq ft of living area (this is an estimate, Buyer will need to verify). Kitchen and appliances and bathrooms redone on 2022. Quiet and enjoyable neighborhood. The Community keeps up with all the holidays, numerous events for all families. Fitness Center, Pet Park, Playground, Tennis, Soccer and Basketball courts, they all to be entered with badges provided by the HOA. Brunch is great at the Country Club. The house does not have a pool but plenty of space to build one. The community pool house is 2 blocks away, where you can find all the amenities together. Buyer or Buyer's agent to verify all HOA rules, restrictions, fees and room dimensions
Source: STELLAR #TB8387030
Neighborhood
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Close stress-free in 45 days, handled start to finish by Roam.
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FAQs
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.
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.
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.
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.
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 “Save search” 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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.