*Don’t miss this exceptional opportunity to own a beautiful, move-in-ready home in a vibrant, amenity-rich community. Schedule your private tour today and start living the Florida dream! Assumable mortgage of 3.375% Experience Modern Florida Living in the Heart of Mirada Lagoon! Discover this stunning Cali floor plan from D.R. Horton, built in 2020, nestled within the resort-style master-planned community of Mirada Lagoon. This beautifully maintained single-family home offers a perfect blend of practicality and elegance, featuring a spacious open-concept layout with flexible living spaces designed for modern lifestyles. With a large backyard ready for outdoor entertaining, a fire pit setup, and crafty wall decor, this residence promises a vibrant and inviting atmosphere for family gatherings and leisure. Step inside to an open kitchen, dining, and living area where culinary and social activities flow seamlessly. The kitchen overlooks both the dining and living spaces, creating a spacious communal environment ideal for entertaining or everyday family life. The owner’s suite, situated at the back of the home for added privacy, includes an attached ensuite bathroom, providing a peaceful retreat. Three additional bedrooms, grouped near the second bathroom, are perfect for children, guests, or a home office, offering versatility for your needs. The home features a practical laundry zone near the bedrooms, equipped with space for washer and dryer, cabinets for storage, and a utility sink — a true convenience. The roof, installed in 2020, ensures durability, while the A/C system and water heater, also from 2020 and still under warranty, provide energy efficiency and peace of mind. Enjoy Florida’s outdoor lifestyle with a big, fenced backyard perfect for relaxing or hosting friends around the fire pit. The community of Mirada Lagoon enhances this home’s appeal with amenities that evoke a resort experience. Residents have exclusive access to the Crystal Lagoon, one of the largest man-made lagoons in the U.S., offering sandy beaches, swimming, kayaking, paddleboarding, and water sports. The community also features a swimming pool, dog parks, playgrounds, walking and biking paths, tennis and pickleball courts, and outdoor gathering spaces. Located just off State Road 52 with quick access to I-75, this community provides effortless connectivity to Tampa, Wesley Chapel, and surrounding areas. Shopping and dining options abound at The Market at Mirada, including a Publix grocery store, alongside nearby retail centers like Wiregrass Mall and Tampa Premium Outlets. Whether you’re seeking a peaceful family home or an active lifestyle, Mirada Lagoon offers the perfect blend of comfort, recreation, and convenience.
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.
