Welcome to Ballentrae, where Florida living comes with sunshine, space, and a screened lanai so impressive it just might become your favorite spot in the house! From the moment you enter, this home welcomes you with soaring ceilings, abundant natural light, and an open design that feels spacious, elegant, and inviting. The staircase with wrought iron railing and wood handrail adds a stylish touch from the start. The kitchen, the heart of the home, is designed for everyday living and entertaining with warm-toned cabinetry, granite countertops, stainless steel appliances, pendant lighting, and a large center island with seating. It flows beautifully into the dining and living areas, creating the perfect space for gatherings, family dinners, or those nights when everyone ends up in the kitchen anyway. The living room offers a comfortable space with a fireplace, tray ceiling, ceiling fan, and large sliding doors that open to the lanai. Because in Florida, indoor and outdoor living is not just a bonus, it is basically a lifestyle. The first-floor primary suite is a private retreat with LVP flooring, natural light, and a charming arched space perfect for reading, a home office, or a quiet sitting area. It also features two walk-in closets and a private bath with dual granite vanities, a soaking tub, spacious shower, and natural light. Also on the first level, the laundry room has been upgraded with custom storage. Upstairs, you’ll find spacious secondary bedrooms and a versatile loft, ideal for a game room, home theater, homework area, or additional living space. The outdoor area is where this home really shines. The extended, fully screened lanai features paver flooring, ceiling fans, ambient lighting, and space for a TV. The outdoor kitchen includes a built-in grill, sink, mini refrigerator, and prep area, perfect for game days, gatherings, and relaxed evenings outside. The fully fenced backyard offers privacy, room to enjoy, and a convenient storage shed. Living in Ballentrae means enjoying resort-style amenities, including a pool, playground, green spaces, walking trails, and conservation views. With easy access to I-75, you’ll be close to shopping, dining, highly rated schools, Tampa Bay attractions, and Florida’s famous beaches. Bonus opportunity, the seller’s VA loan with an incredible 2.5% interest rate may be assumable for VA-eligible buyers, subject to lender approval. A rate that rare practically needs its own fan club! This home offers the space, style, functionality, and Florida lifestyle you’ve been waiting for.
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.
