Opportunities like this don't come along often. Imagine stepping into homeownership with the opportunity to assume an incredibly low 2.8% mortgage while enjoying a move-in-ready townhome in one of Riverview's most convenient communities. From the moment you walk inside, you're welcomed by an open, light-filled floor plan designed for comfortable everyday living. Neutral finishes, crown molding, and easy-to-maintain tile flooring create a timeless look that complements any style. The kitchen overlooks the main living area, making it easy to stay connected while preparing meals, entertaining guests, or simply relaxing at home. Best of all, the kitchen is equipped with brand-new appliances, offering a fresh, modern touch and added peace of mind. Upstairs, you'll find three generously sized bedrooms, providing plenty of space for family, guests, or a home office. The spacious primary suite offers a peaceful retreat, while two additional bedrooms and two full bathrooms provide flexibility for a variety of lifestyles. A convenient half bath on the first floor is perfect for visitors. Step outside and enjoy even more living space on the newly screened-in patio, creating the perfect spot to sip your morning coffee, unwind after a long day, or entertain while overlooking the private wooded backdrop. With no rear neighbors, you'll enjoy a level of privacy that's rarely found in townhome living. Located in the highly desirable Townes at Summerfield Creek, residents enjoy resort-style amenities including multiple swimming pools, a clubhouse, fitness center, tennis and basketball courts, playgrounds, and a dog park. Even better, there are no CDD fees, and the HOA covers water, sewer, trash service, exterior maintenance, and landscaping for truly low-maintenance living. Conveniently located just minutes from shopping, dining, golf, Alafia River State Park, I-75, and the Selmon Expressway, this home offers easy access to Tampa, Brandon, St. Petersburg, and everything the surrounding area has to offer. Whether you're searching for your first home, looking to downsize, or adding a quality property to your investment portfolio, this home combines exceptional value, an assumable 2.8% mortgage opportunity, thoughtful updates, and an unbeatable location. 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.
