Welcome to this beautifully maintained custom-built 4-bedroom + den/office, 3-bathroom, 3-car garage home by award-winning builder Taylor Morrison, located in the quiet and desirable community of Avelar Creek. Offering nearly 3,000 square feet of thoughtfully designed living space, this sprawling floor plan is perfectly situated on an oversized corner lot with serene pond views, blending comfort, elegance, and functionality in a peaceful setting. Step inside to discover an inviting open-concept layout featuring an extended foyer with a stunning rotunda, tray ceilings, crown molding, and stylish finishes throughout that create a sleek yet warm atmosphere. Designed for both everyday living and entertaining, the expansive chef’s kitchen showcases granite countertops, abundant cabinetry, ample prep space, and a large center island ideal for gathering with family and guests. A spacious private laundry room adds convenience and functionality. The generous owner’s suite serves as a luxurious private retreat, complete with two oversized walk-in closets and a spa-inspired ensuite bathroom featuring dual vanities, a relaxing garden tub, and a custom walk-in shower. Three additional bedrooms provide comfortable accommodations for family and guests, while the versatile den offers endless possibilities as a home office, study, media room, or playroom. Step outside and unwind on the spacious screened lanai overlooking the tranquil pond, the perfect place to enjoy Florida’s beautiful weather year-round. Residents of Avelar Creek enjoy access to community amenities including a sparkling pool and playground, offering outdoor fun and relaxation just steps from home. Conveniently located near major expressways, international airports, and MacDill Air Force Base, this home also places you close to world-renowned Gulf Coast beaches, theme parks, championship sports teams, waterfront dining, nature parks, open-air markets, festivals, premier medical centers, VA hospitals, colleges, and universities. Experience the very best of the Florida lifestyle in this exceptional home.
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.
