One or more photo(s) has been virtually staged. This spacious 4-bedroom, 2.5-bath home offers over 2,734 sq. ft. of comfortable living space, plus an oversized 2.5-car garage with abundant storage. Built in 2010, it features impact windows, a radiant heat barrier, and energy-efficient appliances for year-round savings. The main level showcases an open kitchen with granite countertops, 42" maple cabinets, recessed lighting, closet pantry, and a built-in desk with drawers—perfect for organization or a home command center. A dinette, inviting family room with sliding glass doors out to lanai, and separate formal dining room complete the space. Granite counters also highlight the upgraded half bath with door to outside. Laundry room located on the first floor. An oversized two-car garage that provides exceptional storage and flexibility. Upstairs, the primary suite offers a luxurious en suite bathroom complete with granite countertops, maple cabinets, dual vanity sinks, a soothing garden tub, and a large walk-in shower. Three well-sized secondary bedrooms enjoy access to a beautifully finished bathroom with a tub/shower combo and elegant granite countertops. Three well-sized secondary bedrooms enjoy access to a beautifully finished bathroom with a tub/shower combo and elegant granite countertops with maple cabinets. A versatile fifth bedroom—with no closet—makes an excellent bonus room, home office, playroom, or hobby space. Step into the Florida-inspired backyard, where a screened lanai and a beautiful gazebo with a hot tub create the perfect outdoor retreat. Roof installed 2025. The South Fork community offers an impressive selection of resort-style amenities, including a large pool, kiddie pool, cabana with restrooms, playground with tot lot, sports court, fitness center, walking trails, basketball courts, and picnic gazebos. Conveniently located on the south side of Riverview, the neighborhood provides quick access to major routes such as Big Bend Road, Interstate 75, the Crosstown Expressway, Highway 301, and Interstate 4. This prime location places residents within easy reach of Tampa International Airport, Downtown Tampa, MacDill Air Force Base, as well as world-famous attractions like Disney World and Universal Orlando.
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.
