Welcome to this well-maintained and thoughtfully updated home located in the heart of Spring Hill. This property offers a functional split floor plan, modern finishes, and major system updates that provide both comfort and peace of mind. As you enter the home, you are greeted by high ceilings, modern flooring, and a spacious living area highlighted by bay windows that allow for an abundance of natural light. The kitchen is centrally located and features stainless steel appliances, granite countertops, a modern backsplash, white shaker cabinets with black accents, upgraded lighting, and a large pantry, offering both style and ample storage. The two-car garage is conveniently located just off the kitchen. The primary suite is situated on one side of the home and includes high ceilings, a spacious walk-in closet with custom shelving, and an en-suite bathroom with stone countertops, a walk-in shower, and a window for natural light. Barn doors provide both style and functionality. On the opposite side of the home, you will find two generously sized guest bedrooms, each with ceiling fans, along with a spacious guest bathroom with tub. A hallway laundry closet with washer and dryer hookups and additional storage adds to the home’s practicality. French doors off the dining area lead to a concrete patio, providing an ideal space for outdoor seating and entertaining. The backyard is fully fenced with vinyl PVC fencing, offering privacy and room to enjoy the outdoor space. Recent updates include a roof installed in October 2020, new A/C (air handler & AC condenser) 2024, all windows replaced in October 2022. Conveniently located near shopping, dining, medical facilities, and just minutes from the Suncoast Parkway for easy access to Tampa and the surrounding areas. Schedule your private showing and make this home yours 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.
