Virtually Staged. BUILT IN 2021 + NO HOA + NO FLOOD ZONE + JUST UNDER HALF ACRE + PRIVATE WOODED BACKYARD + THE FLOORPLAN EVERYONE WANTS You know that floorplan everyone's been looking for? This is it. Hartland Homes nailed the layout on this one, and it's sitting on just under HALF AN ACRE in Weeki Wachee with a wooded backyard that gives you real PRIVACY -- not the kind where you can still see your neighbor's grill. Out front you've got a formal living and dining room. Head back and the home opens up into a family room and kitchen that actually make sense together. Bar seating, a dinette space, and not one but two pantries -- because someone finally thought that through. The REAR LANAI stretches across the back of the home with nothing but trees behind it. Now let's talk about the primary suite. It's big. We're talking a walk-in closet that actually fits your wardrobe, a private bathroom with a GARDEN TUB, and a separate walk-in shower. It's the kind of space that makes you not want to leave the bedroom. Inside, you've got 2,163 SQUARE FEET of smart space. Fandeliers in almost every room. Blinds throughout. And a whole-house water filtration system already in place. You're minutes from Weeki Wachee Springs State Park, the Weeki Wachee River, and US-19 for easy access to shopping, dining, and everything the Nature Coast has to offer. Brooksville and Spring Hill are both a short drive, and if you're headed to Tampa, you've got a straight shot down the Suncoast Parkway. Paved road. No CDD fees. BUILT 2021 + 2,163 SF + 4 BEDROOMS + JUST UNDER HALF ACRE + NO HOA + NO FLOOD ZONE + NO CDD + WOODED PRIVATE BACKYARD + WHOLE HOUSE WATER FILTRATION + FORMAL LIVING & DINING + OPEN KITCHEN & FAMILY ROOM + TWO PANTRIES + BAR SEATING + DINETTE + REAR LANAI + OVERSIZED PRIMARY SUITE + GARDEN TUB + WALK-IN SHOWER + LARGE WALK-IN CLOSET + FANDELIERS THROUGHOUT + BLINDS INCLUDED + PAVED ROAD + SPRINKLER SYSTEM
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.
