One or more photo(s) has been virtually staged. Welcome to effortless Florida living in the highly sought-after Summerfield Village Community of Riverview. This beautifully maintained, one-story, block-constructed home offers a popular 3-way split floor plan with 4 bedrooms, 3 full baths, and a 3-car garage, delivering both privacy and flexibility for today’s lifestyles. Built in 2005 and offering 2,373 square feet of heated living space (3,189 total square feet), this residence sits on a generous 0.2342-acre lot and is truly turn-key. From the moment you enter, you’re greeted by formal living and dining rooms with immediate views of the private pool, setting the tone for relaxed yet refined living. The primary suite is privately positioned and features serene pool views, a spacious ensuite bath with dual vanities, a large soaking tub, walk-in shower, water closet, and an oversized walk-in closet. On the opposite side of the home, the kitchen anchors the living space with granite countertops, stainless steel appliances, a breakfast area, counter seating, pantry, and direct access to the large laundry room with utility sink. The adjacent family room opens through large sliding doors to the outdoor living area, seamlessly blending indoor and outdoor spaces. Three additional bedrooms are thoughtfully arranged, with two sharing a full bath and a third bedroom offering another full bath with direct access to the pool, ideal for guests, a home office, or gym setup. Step outside to your private retreat featuring a concrete, saltwater, heated pool and spa, all with screened enclosure. The paver patio surrounds the pool and outdoor living areas, complemented by lush landscaping, a fully fenced yard, and a convenient storage shed. Additional highlights include low HOA fees, no CDD, and a prime location near shopping, dining, entertainment, grocery stores, and easy access to I-75. Residents also enjoy access to an impressive community center offering a clubhouse, fitness center, indoor basketball court, tennis and pickleball courts, multiple pools, a dog park, playground, and athletic fields. Conveniently located with easy drives to MacDill Air Force Base, Florida’s renowned beaches, and world-famous theme parks, this home delivers comfort, convenience, and lifestyle in one complete package.
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.
