12250 Blue Pacific Dr Riverview, FL 33579
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About this home
3.6% Assumable FHA Rate with Roam! Welcome to the serenity of this 5-year-old custom-built home in the highly sought-after Lucaya Lake Club community in Riverview's South Shore area of Tampa Bay. This “oasis” home, with over $30,000 in upgrades, was selected for its oversized lot, uncrowded location backing onto private woods, and sunlight-optimized orientation. Blending modern and classic designs with comfort, privacy, and functionality, it's ideal for growing, multi-generational, or retiring families. Exterior highlights include palm trees, custom stone veneer, unique accents, brick-paved driveway, and cement bed borders. Enter via the Chinchilla beveled-glass door, dramatically flooding the home with sunset colors. Step into the cool, ceramic-tiled foyer with vaulted ceilings that opens to 2,022 sq ft of airy, open-concept living. The great room features morning-sun-filled windows and a gourmet kitchen with granite countertops and island, 42-inch-high nutmeg cabinetry, corner pantry, and 5-burner gas stove—perfect for entertaining. Rest easy with 3 large bedrooms plus an oversized convertible bonus room (also LVP flooring, and ceiling fan, plus double French glass doors). Three full baths offer choices: the owner’s suite with garden-style soak tub, spacious walk in glass shower, dual vanity, and massive walk-in closet (doubles as hurricane shelter with Guardian panel); one bathroom features a minimal-lip walk-in (accessible) 5 x 3-foot shower; and the 3rd bath with a traditional tub/shower combo located in the 3rd bedroom dedicated hallway that also includes washer/dryer closed area. A tankless gas water heater provides endless hot water. Flow from the great room to the outdoor living room, 176+ sq ft screened lanai with pitched roof for stargazing and steel doggy door. A 6-foot privacy fence frames forest views; the oversized backyard could easily fit an inground pool if desired. The 2-car garage has app control and sprinkler system board. Lot perks: on-lot fire hydrant and streetlight. This home is storm-proven & ready with 150-mph rating, labeled hurricane shutters, underground utilities, in-place shelter area, whole-house surge protection, and impact-resistant windows. Lucaya Lake Club is a gated, all-natural-gas community with resort-style amenities: clubhouse, fitness center, splash park, playground, pool and access to 78-acre lake with beach, party, and picnic area. In Tampa Bay's Southeast Hillsborough County, enjoy tranquility plus easy access to highways, amusement parks, Manatee Viewing Center, beaches, top schools, shopping, and dining. This home checks every box: upgrades, space, and premier amenities. Schedule your private tour today and embrace Florida living at Lucaya Lake Club!
Source: STELLAR #TB8440820
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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.