LAKEFRONT LIVING on beautiful Pine Lake! This spacious 4-bedroom, 3-bath home with over 2,900 sq.ft. offers big water views, incredible outdoor living, and a unique blend of original 1940s charm with a major modern addition completed around 2005. Step inside and enjoy wide-open lake views the moment you enter the large living room—complete with exposed wood beams, a wood-burning fireplace, and three sets of sliders that fill the home with natural light and lead out to a screened porch and wood deck overlooking the lake. If you love time on the water, Pine Lake is perfect for fishing, kayaking, canoeing, and relaxing sunsets right from your own backyard. The kitchen is equipped with both gas and electric ranges, a large prep area, a dishwasher, and stainless-steel refrigerator—ideal for cooking and hosting. The dining room features beautiful wood floors and flows easily to the kitchen, breakfast nook, and living room for a warm and inviting layout. This home offers excellent flexibility with three A/C systems (including two mini-splits) to help manage comfort throughout the year. The upstairs primary suite is a true retreat, featuring cathedral ceilings, big windows that bring the outdoors in, spa tub, and a private screened balcony—a perfect spot for morning coffee with a peaceful lake view. Storage is never an issue here! You’ll find a large three-car garage, plus extra yard space for your trailers, small boat, or toys. Enjoy a fantastic central location near Babe Zaharias Golf Course, local lakes, parks, and easy access to Dale Mabry Highway and I-275 for quick trips to major employment hubs, shopping, dining, and everyday conveniences. This is your chance to make lakefront living a part of your daily life. Bring your personal finishing touches and make this Tampa lakefront paradise your own! Drone video link.
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.
