Welcome to this 4-bedroom, 2-bath home with a 2-car garage located in Riverview, offering a well-designed split bedroom floor plan and a functional, open layout suited for a variety of living needs. The main living area features a combined living and dining space that flows into the kitchen, creating a comfortable central hub for everyday living and gathering. The kitchen includes stainless steel appliances along with a dedicated eating area for casual dining. A laundry closet is conveniently located within the kitchen space, adding to the home’s practical design. Fresh interior paint and new carpet contribute to a clean, refreshed feel throughout the home. The primary bedroom provides a private retreat with an en suite bathroom featuring a separate shower and soaking tub. The split floor plan enhances privacy by separating the primary suite from the additional bedrooms, offering flexibility for a variety of living arrangements. Step outside to a fenced backyard that offers both space and charm, complete with a quaint patio area ideal for relaxing or outdoor dining. A shed provides additional storage, and the yard allows room for future enhancements, gardening, or recreation. Conveniently located approximately 15–18 miles from Downtown Tampa, the property provides access to major employment centers, the Tampa Riverwalk, dining, shopping, and entertainment options throughout the Tampa Bay area. Nearby parks, recreational facilities, and everyday conveniences further contribute to the appeal of this growing Riverview location. This home offers immediate occupancy with functional living space, thoughtful features, and outdoor elements that provide both comfort and potential. All information is believed to be accurate but is not guaranteed. Buyers and agents to verify all facts and information pertinent to their purchase decision.
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.
