INCREDIBLE 9.8 ACRE ESTATE PROPERTY right in the heart of Spring Hill - rare to find!! 3,676 sq ft living space; 6,327 total sq feet!!! Sprawling estate offers 3 bedrooms + BONUS ROOM off the master bedroom + 3 full bathrooms + PRIVATE OASIS POOL (heated and saltwater with paver deck) + 2-car attached garage + 2 car detached garage + air-conditioned workshop inside + brick paver outside fire-pit + paved winding driveway up to the home with extra parking + 2 RV Hookup sites + NO HOA (bring your boat, RV, ATVs, bring it all) + NO FLOOD + Privacy you only dream of having this close to town + partially fenced + irrigation system + large living room + large family room + formal dining room + breakfast nook + large walk-in pantry + extra large laundry room + incredible outdoor living space including a large covered lanai + large party lanai for entertaining your family and friends! Plus all of this is nestled on 9.8 acres of private land!! This is a must see, gorgeous estate home!! GRAND and IMPRESSIVE home from the minute you drive up and walk inside the large, tall double glass entry doors and your see the impressive high, architectural ceilings, designer glass windows, and transom windows!! All of this along with the open floor plan makes this home feel very spacious, light, bright, and cheery! You can't help but admire the incredible details in the home! This is not your average home! Your family and guests will be impressed every time they walk in!! The impressive, upgraded kitchen is the show-stopper of this home!! It offers upgraded, real wood, kitchen cabinets with glass cabinets above, stainless steel range-hood, stainless steel farm sink, gas stovetop, built-in oven and microwave, designer faucet, granite counter tops and large granite breakfast bar for extra seating!! Just look at the ceiling int he kitchen!! There is a large coffee bar with extra cabinets and glass cabinets above - great for serving food during parties or making your morning coffee...or evening nightcap! The pantry is large enough to be a bedroom in itself!! You have so much storage for all your food items and small kitchen appliances!! The kitchen is open to the large family room!! The outdoor living space is stunning...so much space for entertaining! You could host a wedding out here...it's so beautiful!! Large patio offering privacy and a large pool deck in this oasis-style pool! It's heated for the winter months so you can use it year round!! One of the bedrooms is its own ensuite for the ultimate privacy for guests or in-laws! Every room has its own bathroom...but the master ensuite bathroom is larger than the huge master bedroom!! The master suite also offers TWO large walk-in closets and its own bonus room that you can use for your private home gym or office!! So much space just in the master suite!! The attached 2-car garage also has a 16x14 workshop inside that is air-conditioned!! Use as a man-cave or workshop...it's such a great space to have!! The ADDITIONAL detached garage is 22x22!! Close to everything!! Shoppes, restaurants, hospitals, schools!! Less than 10 minutes to kayaking, paddle-boarding, and swimming with the manatees in the clear Weeki Wachee River or enjoying a day at Buccaneer Bay Water Park!! Sunsets at Pine Island, boating and fishing!! Less than 10 minutes to the Suncoast Parkway for quick & easy access to Tampa International Airport!! 1 hour + to TOP US BEACHES!! A MUST SEE!! DON'T MISS IT!!
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
