Welcome to this beautifully upgraded M/I Homes Picasso floor plan, a single-story, move-in-ready home designed for comfort, functionality, and low-maintenance living. Brand-new granite countertops anchor the kitchen, elevating both style and everyday usability, perfect for first-time buyers or downsizing couples seeking modern finishes without renovation hassles. This well-designed home features three bedrooms, two bathrooms, a two-car garage, and a spacious den/flex room, ideal for a home office, guest space, or hobby room. The open-concept layout with a split bedroom floor plan offers privacy while maintaining an easy flow for daily living and entertaining. Guest bedrooms are generously sized to comfortably accommodate queen-size beds, making hosting family or friends effortless. The chef-inspired kitchen includes custom pull-out shelving in the pantry and cabinets, an instant hot water heater under the sink, and a brand-new GE range to be installed before closing, a thoughtful upgrade buyers will appreciate. The private primary suite serves as a relaxing retreat with an oversized bedroom, large walk-in closet, and a handicap-accessible bathroom with a walk-in shower, ideal for aging in place or multigenerational needs. Major systems offer peace of mind, including an HVAC UV light technology in 2022, professionally maintained annually. Step outside to a north-facing, shaded lanai, perfect for outdoor dining, entertaining, or quiet evenings at home. The fully fenced backyard features a complete irrigation system, including planter irrigation for easy landscaping. Kevlar hurricane shutters provide superior storm protection and may help reduce insurance costs. Located in a quiet, close-knit community, residents enjoy resort-style amenities including a fitness center, large pool, game room, adult recreation area, community gathering space, and secure mail services. The prime location offers quick access to US-301, I-75, MacDill AFB, and Tampa International Airport, with shopping, dining, and everyday conveniences all within three miles and more development on the way. A rare and valuable bonus: an assumable loan with a fixed interest rate, offering the potential for lower monthly payments, a huge advantage in today’s market. This home truly checks every box: upgrades, flexible living space, energy efficiency, community amenities, and financial value. Schedule your private showing today.
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.
