Discover elevated townhome living in the highly desirable gated community of Bloomingdale Townes, ideally located in Southeast Brandon bordering Valrico. This stunning end-unit Venice model with a contemporary exterior offers 2,574 square feet of beautifully designed living space featuring 4 bedrooms, 3 full baths, a spacious loft, game room, and a 2-car garage. From the moment you step inside, you’re welcomed by soaring ceilings, an expansive foyer, and elegant plank tile flooring that flows seamlessly throughout the main living areas. Designed with both style and functionality in mind, the open-concept kitchen is a true showpiece featuring 42” Stone Gray cabinetry, luxurious Calacatta Ultra quartz countertops, stacked glass backsplash, stainless steel appliances including the refrigerator, and an oversized center island perfect for entertaining, casual dining, or meal preparation. The bright and airy great room opens effortlessly to a large enclosed paver lanai through oversized 8-foot sliding glass doors, creating the perfect indoor-outdoor living experience. Upstairs, the luxurious owner’s retreat provides a peaceful escape complete with an oversized walk-in closet, dual vanities, a spa-inspired oasis bath with soaking tub, and an expansive walk-in shower. The second floor also features a massive game room and loft area ideal for a media space, home gym, study area, or additional entertaining space. Secondary bedrooms are generously sized with walk-in closets and share a spacious dual-sink bathroom. A first-floor bedroom located next to a full bath offers exceptional flexibility for guests, multigenerational living, or a private home office. Additional highlights include an oversized upstairs laundry room and a convenient built-in drop zone at the garage entry to help keep everyday life organized. Built with today’s lifestyle in mind, this home includes Smart Home Technology and energy-efficient features such as double-pane Low-E vinyl windows. Residents of Bloomingdale Townes enjoy a beautifully maintained gated community with resort-style amenities including a sparkling pool and BBQ area — all with NO CDD fees...**Water and Lawn Maintenance are included in the HOA fee. Located less than a mile from Bloomingdale High School and close to shopping, dining, and major commuter routes, this exceptional home offers the perfect blend of luxury, convenience, and low-maintenance 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.
