12316 Streambed Dr Riverview, FL 33579
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About this home
Experience the Florida Lifestyle at Its Finest Set in a quiet location with conservation views and no backyard neighbors, this home offers both privacy and comfort. A 6' PVC fence surrounds the yard, creating your own private retreat. Even better, the current MORTGAGE IS ASSUMABLE — a rare advantage in today’s market. Inside, you’ll find a warm and inviting layout with thoughtful upgrades. The kitchen features 42" espresso-stained cabinets with crown molding, granite countertops, and stainless steel appliances. A large center island with pendant lighting makes it a functional hub for cooking, dining, and gathering. The family room flows naturally from the kitchen, offering plenty of space for relaxing or entertaining. Distressed-look wood laminate plank flooring runs through the main living areas, while crown molding accents key rooms, adding a touch of detail. Upstairs, the primary suite offers a soaking tub, walk-in shower, dual granite vanities, and a walk-in closet. Secondary bedrooms each have their own personality — including one with French doors for flexible use and another with a wood plank accent wall. A full bath and an upstairs laundry room add to everyday convenience. The backyard is spacious and versatile, with room to design your ideal outdoor space or even add a pool. Community Amenities This neighborhood offers resort-style living with a lap pool, beach-entry pool, splash pad, playground, fitness center, clubhouse, dog park, and tennis and basketball courts. This home combines function, comfort, and the rare benefit of an assumable mortgage — a smart choice for buyers looking to enjoy the Florida lifestyle.
Source: STELLAR #TB8430751
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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.