Discover modern living at its finest in this 2024-built, five-bedroom, three-bath home located in the sought-after Hawkstone community of Lithia, Florida. Offering 2,937 square feet of thoughtfully designed living space, this two-story residence blends comfort and contemporary style in one of the area’s most desirable neighborhoods. Step inside to an inviting, light-filled interior featuring modern upgrades throughout. The heart of the home is the chef-inspired kitchen, complete with a large center island, sleek cabinetry, all stainless steel appliances, and an open-concept layout perfect for hosting family and friends. The adjoining living and dining areas provide abundant natural light and a seamless flow for both everyday living and entertaining. The first floor also features a full bedroom and bathroom, ideal for guests or multi-generational living. Upstairs, a spacious flex loft provides endless possibilities—use it as a game room, media lounge, office space, or play area. The luxurious primary suite includes dual sinks, a walk-in shower, and a generous walk-in closet, creating a peaceful retreat at the end of the day. Additional conveniences include a dedicated laundry room with included washer and dryer, a welcoming covered front porch ideal for relaxing, and a two-car garage offering ample storage. Outside, the fully fenced backyard provides a private, spacious area perfect for pets, outdoor fun, or future enhancements. Situated on a 6,120-square-foot lot, this home offers the perfect blend of modern features, thoughtful layout, and community living—all in a fantastic location near top-rated schools, shopping, dining, and major commuter routes. Move-in ready and designed with today’s lifestyle in mind, this exceptional home is ready to welcome its next owner.
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.
