NEW ROOF, NO HOA FEES 'TIL 2027, & MAINTENANCE-FREE LUXURY! This home is designed for the ultimate Florida Lifestyle—complete with a private, screened pool and a peaceful nature view that provides an immediate sense of calm and openness. Imagine zero yard work! The HOA handles lawn care, and the exterior painting is scheduled for 2027/2028. As an added bonus, enjoy NO HOA fees until 2027! This home offers peace of mind with a Brand New Roof (2026). The gourmet kitchen features hardwood cabinets and stone countertops, with a spacious eat-in area perfect for daily life and entertaining. The Grand Primary Retreat is a true sanctuary featuring elegant tray ceilings, wood floors, a convenient built-in desk, and a luxurious primary bath where you can relax in the spa-style soaking tub, complemented by double sinks and a separate shower. The second bedroom connects directly to the guest bathroom, offering an ensuite-style setup for privacy and flexibility. For outdoor enjoyment, a separate, paved area in the backyard is ideal for BBQs, gardening, or outdoor lounging. Perfectly situated for any lifestyle, enjoy a coveted location between the Tampa and Orlando metro areas, offering easy access to the Gulf Beaches, Orlando's World-Famous Attractions, and major airports (TPA, MCO, LAL). Experience the charm of Lakeland with its vibrant Downtown First Fridays, the Saturday Farmer's Market, and beloved community events. Note: The beautiful pool and nature views are the real deal. A few of the outdoor photos have been virtually refreshed to account for winter landscaping.
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.
