11620 Warren Oaks Pl Riverview, FL 33578
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About this home
Assumable FHA Mortgage with a 2.37% Rate! Spacious, Stylish & Designed for Living—Welcome Home to This 5-Bedroom Gem in the Heart of Riverview! Looking for space to spread out, entertain, and live comfortably? This 3,737 sq ft home checks all the boxes and then some. With 5 true bedrooms, 4.5 baths, a dedicated office, a loft, and bonus spaces throughout, this is the ideal layout for large households, multigenerational living, or anyone craving flexibility. Step inside and be greeted by an impressive foyer with soaring ceilings and a wide staircase that anchors the open layout. Off the entry, you’ll find a private office and a formal dining room with a tray ceiling. The heart of the home is the expansive kitchen and living area, perfect for gatherings. Enjoy 42” cabinetry, granite countertops, a center island, and a walk-in pantry ready for all your hosting needs. Downstairs also features a private guest suite with its own en-suite bath and walk-in closet—ideal for in-laws or visitors. A full laundry room with a utility sink and a guest half-bath complete the first level. Upstairs, you'll find a versatile loft/bonus room, perfect for movie nights or a play space, with its own walk-in closet. The luxurious primary suite offers tranquil views, tray ceilings, two walk-in closets, dual vanities, a garden tub, and a separate shower. A junior suite with its own private bath and two additional bedrooms with a shared bath makes this layout incredibly functional. Enjoy Florida living outdoors with a charming front porch, screened patio, and a large fenced backyard with fruit trees. Thoughtful updates include neutral hypoallergenic carpet (2022), a newer water softener/purifier (2021), and a dual-zone AC system with UV light (March 2025). And don’t miss this rare financial advantage—this home comes with an assumable mortgage at a low 2.37% interest rate! This unique opportunity can mean significant savings for qualified buyers. Located in a quiet community with low HOA and no CDD fees, and close to shopping, dining, and great schools—this is Riverview living at its best.
Source: STELLAR #TB8413321
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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.