AMAZINGLY AFFORDABLE HOME in the GATED community - The Verandahs!! Fall in love with this move-in ready 3-bedroom, 2-bathroom home featuring a spacious 2-car garage, perfectly situated on a premium CONSERVATION homesite (NO REAR NEIGHBORS). Enjoy peace and privacy as you relax on your LANAI or entertain guests on the EXTENDED 19’ x 20’ PAVER PATIO. The FULLY FENCED BACKYARD offers both beauty and durability—ideal for pets, gatherings, or simply unwinding in your own outdoor retreat. Upon entering, you're welcomed by a spacious foyer that opens into a bright, OPEN-CONCEPT LIVING AREA featuring the living room, dining space, and kitchen—all enhanced by VAULTED CEILINGS and large windows letting in so much NATURAL LIGHT! The living and dining areas showcase beautiful LUXURY VINYL PLANK flooring, creating a warm and modern feel. The thoughtfully designed layout flows seamlessly into the expansive kitchen, complete with tile flooring, 42” cabinets with updated hardware, granite countertops, and stainless-steel appliances (ALL INCLUDED!!). An inviting breakfast bar adds the perfect touch for casual dining, homework time, or entertaining guests. The spacious primary bedroom features vaulted ceilings, a large walk-in closet, LVP flooring, and two oversized windows that fill the room with natural light while offering peaceful, unobstructed views of the conservation area behind the home. A stylish sliding BARN DOOR adds both character and functionality, leading into the private ENSUITE BATHROOM, complete with a relaxing garden tub/shower combination. Two additional bedrooms provide flexibility for family, guests, or a home office, with a conveniently located guest bathroom nearby. All rooms have window treatments and fans. Laundry room inside your home! The Verandahs community is a gated community featuring a resort-style pool, fitness center, clubhouse with a kitchen, playground, and scenic walking trails. Located 3 minutes from the Suncoast Parkway/Veterans Expressway – which makes getting to Lutz, Land O’ Lakes, and Tampa a breeze! Only 30mins to Tampa International Airport! Less than 15mins to US19 and to Werner-Boyce Salt Springs State Park. 5mins to Publix, restaurants, shops and more!! ~~ YOU’VE GOT TO COME SEE THIS PLACE!!! ~~ This home is LITERALLY “MOVE-IN” READY!!! LITERALLY!!!
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.
