9935 River Dr Gibsonton, FL 33534
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About this home
A Rare Find – Alafia River home! The property has an assumable mortgage with a 4% interest rate. This fully renovated 3 bed 2 bath ranch style block home sits on a huge lot with waterfront access to the Alafia river and a short boat ride to Tampa Bay. Bring your boat, RV, & other fun toys ~ **No HOA or CDD** Conveniently located just minutes from I-75 and US-41, restaurants, shopping, & more - you can enjoy quiet living with quick access to all life’s needs! Savor the fully fence almost half acre lot featuring your own onsite kayak/paddleboard launch and covered dock with boat lift. The plumbing, electrical, and septic system were updated in 2018. New fence, fresh interior and exterior paint, newly renovated kitchen & bathroom, flooring, and more! **HVAC 2024** Relax with a cold drink or good book on the enclosed rear lanai overlooking the large backyard and canal. Located on a quiet dead-end street, this property is a peaceful slice of true Florida living. All the bedrooms are nicely sized with ample closet space. The easy flow between the kitchen, living room, family room, and outdoor lanai creates the perfect house for entertaining in everyday life or could serve as a great vacation getaway (Airbnb & rental income potential). Schedule your showing today and come enjoy the Florida waterfront lifestyle!
Source: STELLAR #TB8410299
Loan details
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Close stress-free in 45 days, handled start to finish by Roam.
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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.