8985 Royal River Cir Parrish, FL 34219
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About this home
Beautiful 4-bedroom 3 full bath home in desirable North River Ranch. Why wait to build immediate occupancy. Seller offering $5,000 towards buyer's closing costs or interest rate by down. This 2 story McNair floor plan offers 2,200 sq ft of living space built in 2021. Open concept kitchen and gathering room with large island, second-floor loft and an owner's suite with an expansive walk-in closet. Improvements include: light fixtures in all rooms, master bath upgraded shower, master bedroom walk-in has closets by design, all bathrooms and kitchen have upgraded faucets, 5-inch baseboards, screened in lanai with dog door. black aluminum fenced in yard, outdoor garage sconces. upgraded dishwasher and refrigerator, added laundry room cabinets and epoxy garage floor. Pretty yard with added trees, flowers and plants. This master-planned community includes an amenity center where you can enjoy the resort style pools, slides, fitness center, game room, event lawns, community playgrounds and parks, sports fields, extensive walking trails, and dog parks. New middle school opening this year. Walking distance to shopping, Publix, restaurants and schools. Short drive to I-75 and Highway 301, conveniently located to Tampa St Pete, Bradenton beaches and Sarasota beaches.
Source: STELLAR #A4655779
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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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