SPECIAL FINANCING OPPORTUNITY! Seller is offering a 2-1 Rate Buydown, helping qualified buyers enjoy significantly lower monthly payments during the first two years of homeownership. Ask for details and payment scenarios! Welcome to 10207 Avelar Ridge Drive—where comfort, value, and smart homeownership come together in the heart of Riverview. Located in the sought-after Avelar Ridge community, this beautifully maintained 3-bedroom, 2-bath home offers 1,741 square feet of inviting living space designed for both everyday comfort and entertaining. From the moment you step inside, you'll appreciate the soaring ceilings, abundant natural light, and open-concept layout that creates a spacious and welcoming atmosphere. At the center of the home is a well-appointed kitchen featuring Corian countertops, modern appliances, ample cabinet storage, and generous prep space. Whether you're hosting family gatherings or enjoying a quiet evening at home, the seamless flow between the kitchen, dining, and living areas makes everyday living effortless. The private primary suite serves as a relaxing retreat with vaulted ceilings, a spacious bedroom, and an ensuite bath complete with dual vanities, a soaking tub, walk-in shower, and plenty of storage. Step outside to discover one of this home's standout features—an incredible backyard oasis designed for year-round Florida living. The expansive patio, sun shades, and included hot tub create the perfect setting for morning coffee, weekend barbecues, game nights, or unwinding under the stars after a long day. Additional highlights include flexible indoor and outdoor living spaces, negotiable furnishings, and a hot tub that conveys with the property. Conveniently located just minutes from Tampa, Brandon, shopping, dining, parks, major commuter routes, and top-rated schools, this home offers the perfect balance of accessibility and neighborhood charm. With a seller-sponsored 2-1 rate buydown available, buyers have an incredible opportunity to reduce their monthly payment and make homeownership more affordable from day one. Homes that combine value, lifestyle, location, and financing incentives are hard to find in today's market. Schedule your private showing today and discover why 10207 Avelar Ridge Drive feels like home the moment you arrive.
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.
