**SELLER WILL GIVE $10,000 TO PAY CLOSING COSTS!!!** OR USE TO BUY DOWN RATE! Come see this MOVE-IN READY UPDATED 4 bedrooms, 2 baths, little over 1,400 sqft with a relaxing BIG BACKYARD OVERLOOKING THE POND! NO REAR NEIGHBORS! This lovely open floor plan home has extended tile throughout the living and wet areas. NO CARPET! Luxury Vinyl flooring in ALL Bedrooms. As you enter the home there is an extended foyer, on the right 2 bedrooms and a shared bathroom. On the left is another bedroom. This home can be a 5 BEDROOM HOME!! Sellers converted HALF of the garage into a 5th BEDROOM, installed a mini-split AC unit and still have storage in the front half! Garage still works and opens. New Owners can either keep as a bedroom, make an office, play room, a game area with pool and bar area, OR garage can be converted back with AC! The potential is endless! The laundry room is beautifully updated with a decorative backsplash, two wall-mounted shelves, a folding shelf, and wall paneling. The washer and dryer STAY with the home! Large spacious kitchen, upgraded Espresso color cabinetry, granite kitchen countertops, sellers installed an upgraded kitchen backsplash, and added under and above cabinet kitchen lighting, providing consistent ambient lighting. Stainless Steel Appliances. Eat-In kitchen area. The bedrooms are split floor plan. The 3/4 bedrooms are up front and the master is in the back! The spacious master bedroom has a WALK- IN CUSTOM BUILT CLOSET. En suite bathroom with a walk in shower. As you enter the beautiful backyard with a extended 20x30 paver patio, installed a PERMANENT 10x12 pergola with adjustable/opening roof slats to enjoy the amazing sunset views overlooking the pond views and watching your favorite football team on a installed TV setup with a protected TV case that STAYS with the home. NO MORE HANGING CHRISTMAS LIGHTS!! Sellers installed PERMANENT EXTERIOR LIGHTING around the WHOLE outside of the home. This home boasts front irrigation system, hurricane shutters and plenty of natural light in the home!! NO FLOOD ZONE!! VERY LOW CDD!! CDD IS IN THE TAXES! VERY LOW HOA! The location is conveniently located near stores, ZONED FOR A-RATED SCHOOLS, great restaurants and more to come. Location is the key! Near Fort Hamer Bridge so a quick commute to Lakewood Ranch, easy access to I-75/275, 30 mins to St Pete, 15 mins to Riverview, Wimauma, Sun City, or Ruskin, 45 mins to Tampa. Close to surrounding beaches, St Pete, Anna Maria Island, and Siesta Key! Don't miss out on this fantastic opportunity to own this beautiful home. Schedule your showing today!!! **ELIGIBLE FOR $0 DOWN PAYMENT USDA FINANCING!** MOTIVATED SELLER!!
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.
