12532 Burgess Hill Dr Riverview, FL 33579
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About this home
Walking distance to Collins Elementary! This spacious home in Panther Trace boasts an open floor plan with architectural details, including classy cutouts and niches throughout. It features 4 bedrooms plus an office (or 5th bedroom) and 2.5 bathrooms, with a large foyer and closet leading to the open living room, dining room, kitchen, and family room. The kitchen includes maple cabinets, a snack bar, dinette area, stainless steel appliances, and patio landscaping views. Sliding doors open to a screened patio, and there's a huge extended lanai with interior landscaping and a small goldfish pond. The hot tub stays! The master suite offers a large walk-in closet with custom built-in shelving, plus an enormous bathroom with dual sinks, separate shower, garden tub, and water closet. Beautifully updated wood stairs lead to the upstairs bedroom with half bath, while the office/5th bedroom includes tons of custom built-in storage/shelving. The community provides wonderful amenities like a pool, basketball courts, tennis courts, open greenspace, playgrounds, and clubhouse. Located in growing Riverview with great schools and lots of restaurants and shopping nearby, the home also has upgrades such as vinyl flooring, fresh paint, appliances, tiled shower, updated fixtures, AC from 2023, water softener from 2022, and more! Plenty of backyard space, fully fenced & custom built!
Source: STELLAR #TB8436615
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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.
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