You've been scrolling for months. This is the one that makes you stop. End-unit | Pond views | Gated Community | Welcome to Foxmoor Townhomes, Panther Trace in Riverview, FL. Step through the foyer and feel the flow of a generous, thoughtfully designed floor plan combining true living space with a dedicated sit-down dining area, perfect for hosting your next dinner party. Bright, open and inviting! The pass-through snack bar passes right into the kitchen built for real life. Stainless Steel appliances, pantry storage, and counter space you'll actually use, under stair storage for those super-sized Costco items and a powder room for convenience on the main floor. Slider opens to BACK VIEWS OF THE POND and patio and suddenly you're sipping a morning coffee or enjoying a sunset spritzer. Upstairs there are two spacious bedrooms, each with their own full bath! No sharing. No compromises. And a washer and dryer closet in the hallway that come with the home. Gorgeous Millport Hickory WATERPROOF LAMINATE FLOORING throughout paired with warm trending paint tones, makes this home feel like new. Recent updates, Water Heater (2023), Microwave (2020), Washer and Dryer (2022), Dishwasher (2019), Range (2017), Roof (2017), HVAC (2013), Faux Blinds and a NEST THERMOSTAT that learns your schedule so you never have to think about it. The community offers a swimming pool and MAINTENANCE-FREE, CARE-FREE lifestyle where the lawn care, exterior building maintenance, and landscaping are handled by the Homeowners Association. Assigned parking. Guest spots. Nearby schools, shopping and dining! Take a deep breath, your water is included, NO CDD fees, and Flood Zone X which means no flood insurance required! This isn't a starter home. It's a smart buy home. Close to Hospitals, 25 minutes to Downtown Tampa, Channelside, Riverwalk, Curtis Hixon Waterfront Park, MacDill Airforce Base, Tampa International Airport. This home offers the perfect blend of tranquility, convenience and beauty. Don't miss the chance to make it yours!
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.
