Location, Location, Location! This beautifully maintained home is ideally situated in the highly desirable community of Fountain Lakes at Countryway, just moments from all that Westchase has to offer. Featuring a three-bedroom split plan, two bathrooms, and a two-car garage, this residence boasts an elegant front elevation with undeniable curb appeal. The reinforced concrete driveway and paved walkway framed by twin columns lead to a striking double-door entry that welcomes you inside. Step through the foyer to discover a gorgeous view of the screened-in pool and spa through expansive glass sliders. The formal living room serves as the heart of the home, with a dining room to the left featuring a large front window adorned with plantation shutters. The primary suite, located off the living area, offers direct access to the pool and includes plantation shutters, two spacious walk-in closets, and an en suite bath with a soaking tub, separate shower, and private water closet. The kitchen is both functional and stylish, featuring granite countertops, a breakfast bar, and an eat-in nook overlooking the pool. Adjacent to the kitchen, the family room offers a cozy fireplace and is perfect for entertaining. A laundry/utility room conveniently leads to the two-car garage. Two additional bedrooms are tucked away for privacy and share a guest bathroom that also offers direct access to the pool area. Enjoy Florida living at its finest in the spacious screened lanai, complete with a covered patio area, three ceiling fans, and a generous pool with a spa and waterfall feature. The low-maintenance backyard features paver walkways, flower beds, and ample space for gardening or simply relaxing. Additional highlights include new roof (December 2022) Updated windows, sliders, and front door, Modern lighting in the dining room, entryway, kitchen, and breakfast area. The Fountain Lakes community offers tennis courts and is conveniently located near the Westchase Golf Club, Tampa International Airport, fine dining, and shopping. Don’t miss this opportunity to own a home that perfectly blends elegance, comfort, and an unbeatable location!
12038 Stone Crossing Cir, Tampa, FL 33635
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.
