One or more photo(s) has been virtually staged. ACT QUICKLY!! ASSUMABLE FHA LOAN at 2.625%!!!! Welcome to this stunning newer-built block home in the peaceful gated community of Rose Haven. The roomy Salerno from Vitale Homes features 4-bedrooms and 3-bathrooms with a 2-car garage which showcases an open-concept design with 9’+ ceilings, 5.25” baseboards and rustic wood-look plank tile flooring throughout the main living areas. The expansive living room offers a warm, contemporary feel with a custom wood plank accent wall, in-ceiling speakers, in-wall cable management system and a convenient floor-located recessed electrical outlet. The adjacent dining area can accommodate a generously sized table and is highlighted by a hand-picked designer snow-flake chandelier. Your dream kitchen is a true showstopper, featuring stainless steel appliances, 42” cherry cabinetry, voluminous quartz countertops, a striking island with waterfall-edge countertops and extra-wide sink, cross pattern subway tile backsplash, walk-in pantry, and both under-cabinet and multi-color LED uplighting. The spacious primary suite features another custom wood plank accent wall and individual his-and-hers walk-in closets. The luxurious primary bath boasts dual sinks with granite countertops and a large frameless walk-in shower complete with rain shower head. Featuring a split-floor plan, the oversized bedroom-2 with charming bay window and bedroom-3 are found at the front of the home along with bath-2. Bedroom-4 makes for an ideal guest-room/mother-in law suite with a walk-in closet and en-suite bath-3. Some of the homes additional features include plush carpeting in all bedrooms, recessed lighting, blinds on all windows, a separate laundry room with utility sink, and front-load washer and dryer included, video doorbell, in-wall pest control system, epoxy garage floor w/extra storage shelves, front exterior outlets controlled by garage switch for easy holiday lighting, hurricane shutters and whole-house rain gutters. Situated on a highly desirable conservation/pond sided lot, this home enjoys no neighbors in front or on one side, offering exceptional privacy. Sliding glass doors take you out to the covered lanai with plenty of room for seating/dining. The expansive vinyl-fenced yard is ideal for backyard enjoyment/gardening. Home also features attractive environmentally friendly landscaping w/decorative curbing. The home is not in a flood zone and showcases an attractive elevation with upgraded stone accents and a cohesive modern color scheme. Rose Haven residents enjoy access to a community pool and a scenic lakeside boardwalk. The HOA for this boutique community of just 52 homes includes Spectrum cable TV, internet access, and trash service and there is no CDD! In a prime location, pet-friendly Rose Haven is near schools, shops, restaurants and The Suncoast Parkway for an easy commute to downtown Tampa, TIA or the Pinellas beaches. This exceptional home offers luxury, privacy, and convenience and will not disappoint—schedule your private showing 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.
