ASSUMABLE 2.25% VA LOAN AVAILABLE FOR QUALIFIED BUYERS!! This is more than a home—it’s a lifestyle! Nestled in the highly sought-after Lumsden Pointe community of Valrico, this stunning two-story pool home is perfectly positioned on a corner lot, surrounded by over 20 varieties of flowering plants, creating a lush, tropical oasis that feels like your own private paradise. From the moment you arrive, you’ll notice the pride of ownership and the welcoming charm of a neighborhood that feels truly special. Step through the dramatic two-story grand foyer and be greeted by natural light that flows effortlessly throughout the home. Formal living and dining rooms at the front provide versatile spaces for entertaining or quiet reflection, while the open-concept kitchen and family room effortlessly connect to the pool deck, making indoor-outdoor living a joy. A convenient half bath and a large under-stair storage closet complete the main level for added functionality. The gourmet kitchen is a chef’s dream, featuring stainless steel appliances, abundant granite countertops, ample cabinetry, and a bright breakfast nook with French doors opening to the lanai. A spacious media/bonus room just off the kitchen offers endless possibilities—home theater, playroom, or home office—and opens directly to the outdoor patio. Upstairs, the primary suite is a serene retreat, complete with a luxurious en-suite bath with granite countertops and a large walk-in closet. Three additional bedrooms are generously sized and share a full bath, also appointed with granite countertops, providing comfort and privacy for family and guests. The backyard is truly a showstopper—an entertainer’s dream with a screened lanai, saltwater pool, elevated spa, and vibrant tropical landscaping, including grapefruit, tangerine, and key lime trees. A pavered patio hosts a charming cabana with a water fountain and ambient lighting, creating the perfect setting for evening relaxation or entertaining. Recent updates include a new garage door (2025), AC and ductwork replaced (2025), and a roof replaced in 2021, ensuring peace of mind for the new owners. Combining timeless design, resort-style outdoor living, and thoughtful updates, this home is not just beautiful—it’s an experience. Move in and immediately feel the warmth, charm, and exceptional lifestyle that makes this home truly one-of-a-kind.
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.
