13110 Elgar Pl Riverview, FL 33579
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About this home
Tucked at the end of a quiet street in the sought-after 55+ community of Villas on the Green, this 2-bedroom bungalow includes a 4-season lanai and SO MANY upgrades. The property enjoys a premium corner lot position, with foliage-covered fences that give you lots of privacy. And check out the curb appeal, which includes landscaped garden beds, pretty palm trees and a stylish, extra-wide driveway. But don't worry - the HOA covers all exterior maintenance! Inside the front door, you’ll find gleaming marble & LVP flooring, lots of natural light and a gorgeous fireplace that was given a facelift just last year. The updated kitchen features granite countertops, stainless steel appliances & soft-close cabinetry. From the kitchen, you can pass drinks and snacks directly to guests relaxing in the 4-season sunroom. Just steps away, the fenced-in, manicured backyard provides ample space for your garden. Back inside, the primary bedroom boasts a renovated ensuite with a slate floor, a custom-tiled shower and a vanity with lots of storage. The hallway bathroom has also been updated with a new vanity & fixtures. Other upgrades completed by the homeowners include a new roof, fresh exterior paint, new HVAC, complete PVC replumbing, a new hot water heater, new Levolor blinds and a new barn door. Don’t forget about all the storage in the attached 2-car garage. The gated community of Villas on the Green offers residents so many amenities! Within a few minutes of your front door, you can be at the heated community pool, clubhouse or fitness center. Tennis/basketball/shuffleboard courts+community park, too! The HOA fees here include trash, internet & basic cable. This neighborhood puts you close to numerous restaurants and shops, with easy access to Rt 301 & I-75. You can be sitting on the beach in 15 minutes, and you'll be less than 35 min from downtown & the airport.
Source: STELLAR #TB8430753
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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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