Wow, what an awesome value ! Don't miss this exceptionally upgraded solid block single-family home. Nestled on a large lot, only minutes from Indian Rocks Beach, Tampa International Airport, shopping, and world-class restaurants, this is where you want to be. The main driveway leads to the generously sized 2-car garage. Double fence gates allow for a boat or RV to enter the side yard of the home (short drive to the Belleair causeway boat ramp). There is also a separate driveway on the right side of the house. No storm worries here, high and dry with easy-close hurricane shutters on all windows and doors. As you step onto the large, covered front porch and into the welcoming entrance foyer, you are greeted by an open floor plan with plenty of light. Immediately, you will realize no expense was spared to create this masterpiece of a home. Enjoy entertaining guests in your formal living room and dining room. Create gourmet meals in your Chef's design kitchen, featuring top-of- the-line, stainless steel appliances, a built-in oven with microwave, a separate oven and cook-top in the huge island, a French door fridge, and a built-in dishwasher. "Truly awesome" best describes the "Maplewood" style soft-close cabinetry, including 2 pantries and a dry bar. An abundance of granite counter space and plenty of cabinets await in this beautifully designed service area. Siding doors lead to a spacious patio where outdoor life comes alive. Create memories as your family gathers for game night or a movie in the open family room. Warm wood-look plank-style porcelain tile floors flow throughout. The master en-suite is spacious and features a bath with a granite vanity top, double undermount sinks, an oversized tile shower (built for easy access) with an open solid glass entry. Additionally, the master en-suite offers a walk-in closet with loads of space. The home has 2 more spacious bedrooms, each with ample closet space. The second bath has double vanity sinks with a granite countertop. This home has two hall closets providing plenty of storage space, with a laundry room leading to the garage. Custom window treatments and plantation shutters complete the offering.
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.
