Welcome to Original Carrollwood, Tampa's Beloved Fairy Tale Community. Known for its storybook charm, tree lined streets, and beautifully maintained homes, EXCLUSIVE access to Lake Carroll, a 210 acre ski lake with boat ramp for OC residents , dog park, two parks, pickleball courts, and a white sand beach. Year round community events, lakeside food trucks, and holiday parades create a warm, small town atmosphere. This home combines timeless charm, valuable updates, and magical community atmosphere Original Carrollwood is known for. This lovely 3/2, block and brick cottage, is filled with natural light, character, and thoughtful craftsmanship. Custom built in cubbies, bookshelves, formal dining room, and eat in kitchen provide both charm and functionality. A bright living room and a cozy den offer flexible spaces for work or entertaining each opening to the screened lanai, backyard, and the beautifully maintained pool that embodies Florida living. The property also features a carport with built in storage, additional attic storage, large shed, and laundry room. Major Improvements: New roof with insulation, gutters, and transferable platinum warranty, ADT full home security system (police, fire, medical access), Full home water filtration system, All new windows, Some updated electrical including whole home surge protection, New lanai screening, pool pump, full underground irrigation system, A/C has been professionally serviced annually, the pool is maintained monthly, and the sellers are including a 1YR home warranty for added peace of mind. Carrollwood Elementary (K through 8) is only a short walk or golf-cart ride away through the back entrance. Tampa top attractions include Raymond James Stadium, George M. Steinbrenner Field, Busch Gardens, restaurants, and specialty shops are all within 10 miles. Add your finishing touches and make this storybook cottage your forever home.
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.
