BACK ON THE MARKET DUE TO BUYER CIRCUMSTANCES and WAS NOT DUE TO ANY ISSUES WITH THE HOUSE. With this home, "having it all" transforms from a fantasy into your daily reality! Are you longing for a slice of paradise that artfully combines land, space, and privacy? Drive up your circular driveway and discover this park-like sanctuary, nestled within a fenced 1.14-acre haven. Step inside to experience a thoughtfully designed split-floor plan featuring four bedrooms and two bathrooms. Picture soaring cathedral ceilings, skylights that invite natural sunlight, and updated kitchen and bathroom amenities, all complemented by ample storage options. The family and living rooms are warmed by a double-sided wood-burning fireplace, perfect for cozy evenings. This remarkable home is equipped with a roof, hot water heater, and air conditioning system, all replaced in 2016 for your peace of mind. A comprehensive security system, complete with cameras and window and door alarms, ensures your safety. Explore the expansive 20x20 detached mother-in-law suite outdoors, complete with its own bathroom and kitchenette, just add your appliances. Enjoy the view of a 29x49 screened pool, holding 25,000 gallons of water, and featuring a calming waterfall—ideal for swimming laps or unwinding on warm summer days. After a swim, refresh yourself with the outdoor pool shower. (BONUS: A brand-new pump was installed in July 2025!) The expansive fenced yard provides endless possibilities, including space for your boat or RV, with no annoying HOA/CDD to worry about! A shed equipped with electricity and AC awaits to house your gardening and storage treasures. In the evenings your solar lights sprinkle charm across the backyard, accompanied by a well ready for connection if you wish to install a sprinkler system to keep everything lush and vibrant. Just a hop, skip, and a jump from the Suncoast Parkway, you’re conveniently located near shopping, dining, beaches, and the enchanting Weeki Wachee River—home to real-life mermaids! Seize this opportunity before it swims away!
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.
