One or more photo(s) has been virtually staged. This Home Has Everything on Your List, and Then Some. Tucked inside a small, private gated community with low HOA fees and zero CDD, this home delivers the kind of quality you feel the moment you walk through the door. Soaring 9-foot ceilings, 8-foot interior doors, and gorgeous tile floors set a tone that's equal parts impressive and livable with builder upgrades that are stacked. The open-concept kitchen, dining, and living area was made for real life, casual weeknights and big gatherings alike. The kitchen is the centerpiece: granite countertops, 42-inch solid wood soft-close cabinetry, a generous 6×8 island, fingerprint-resistant slate appliances, a dedicated kitchen desk with overhead storage, and a large walk-in pantry. There's even a gas hookup ready for the chef who wants it and sellers are offering a $500 credit toward a new stove so you can choose exactly what you love. Step out to the lanai and you'll understand why people fall in love with Florida living. An 8×40 screened outdoor space stretches the full length of the home for your private slice of sunshine, rain or shine. The primary suite is your sanctuary. Private lanai access, dual sinks, an oversized glass-enclosed walk-in shower, a private water closet, and a walk-in closet that'll make mornings something to look forward to. The extended garage goes above and beyond with 4 extra feet of depth, 10-foot ceilings, a Wi-Fi-enabled 8-foot hurricane-rated door, a 50-amp EV-ready outlet, and water softener setup already in place. The laundry room has a utility tub hookup, a small detail that makes everyday life easier. And the tech? This home practically manages itself: smart thermostat, connected lighting, video doorbell, pre-wired security system, in-wall pest control, and a Rainbird automated irrigation system keep everything dialed in year-round. Just minutes from the I-4 & I-75 interchange, downtown Tampa, top-rated dining, and everything Tampa Bay has to offer. Fast closing available. One or more photos virtually staged. Come see it before someone else calls it home.
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.
