Built in 2020, this spacious 5-bedroom, 3-bathroom two-story home offers no carpet throughout with all tile and laminate flooring (2025) and a private backyard oasis featuring a pool (2022) and custom gazebo (2025). The primary ensuite retreat includes a dual vanity, upgraded hardware, walk-in shower, and private water closet. With 5 true bedrooms, including a downstairs bedroom near a full bath, the layout offers ideal flexibility for guests, multi-generational living, or a home office. The bright, open kitchen features granite countertops, a large center island, stainless steel appliances, and abundant cabinetry, flowing seamlessly into the living room and informal dining area. The open-concept design captures beautiful views of the expansive fenced backyard, where the pool that was added in 2022 and the custom gazebo create the perfect setting for entertaining or relaxing outdoors. The pool is chlorinated and designed with lighting and fountain features. The formal dining room can serve as a great bonus or space with the additional informal eat in space off of the kitchen. Upstairs, the spacious primary suite offers a comfortable retreat, with an ensuite bath and large walk-in closet with customer shelving. The additional bedrooms provide plenty of room for family, guests, or work-from-home needs. The home also includes a brand-new washer, making move-in even easier. For further peace of mind, the second story of this home is also constructed of concrete block. Located in a desirable Ruskin community with resort-style amenities, residents enjoy access to a clubhouse, lap pool, and playground, all just a short distance from the home. Convenient to shopping, dining, and major commuter routes, this home combines modern comfort, flexible living space, and exceptional outdoor living.
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.
