*****Rare advantage of an Assumable FHA mortgage for qualified owner-occupants + up to $4,750 in Concessions with Acceptable Purchase Contract***** Welcome home to 10105 Vineyard Lane, where comfort, opportunity, and coastal convenience come together in one inviting package. This 2-bedroom, 2-bath single-family home with a bonus room in Port Richey’s desirable Regency Park neighborhood offers a thoughtful blend of recent upgrades and value-add potential — plus the rare advantage of an assumable FHA mortgage for qualified owner-occupants, allowing eligible buyers to step into a significantly lower monthly payment than today’s market rates. Step inside to find brand-new hurricane-rated windows throughout, a newer HVAC system with updated ductwork (installed four years ago), and a kitchen featuring modern appliances just three years old — delivering turnkey efficiency where it counts. Updates have already been started for you. The second bedroom’s ensuite bath renovation is underway, with tile, vanity, and fixtures already on-site and ready to be completed. A new vanity for the main bathroom is included as well. The roof will need replacement, and that need is reflected in the price — creating an excellent opportunity to build equity and customize the home to your style. Outside, the property offers a generously sized lot in a quiet, established community with no HOA and convenient access to parks, shopping, restaurants, and the beautiful Gulf Coast. Perfect for buyers looking for comfort, affordability, and long-term value, this home delivers a compelling combination of benefits — especially with the assumable FHA loan opportunity. Come see why Vineyard Lane may be the right fit for your next move.
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.
