ASSUMABLE 2.25% Loan! Welcome Home to one of the most breathtaking SUNSETS in the prestigious Lake Jovita Golf & Country Club Community! Perfectly positioned on a premier oversized homesite overlooking the sparkling pond and the 15th tee of the North Course, this exceptional Arthur Rutenberg designed Windjammer residence offers 2,741 square feet of elegant living with 4 bedrooms, 3 full baths, a dedicated office with french doors for a private office and an oversized 3-car garage. From the moment you enter through the impressive double-door entry, your eyes are drawn through expansive glass doors to the spectacular screened lanai boasting a sparkling pool with panoramic golf course and waterfront views that create a picture-perfect backdrop for everyday living and entertaining! Designed with an open, light-filled floor plan, this stunning home showcases soaring ceilings, gleaming hardwood floors, crown molding, multiple tray ceilings, columns and architectural details, surround sound, built-in speakers, a security system and newer carpet in the owners suite. The gourmet kitchen is in the center of the home, featuring a large center island, Corian countertops, maple wood cabinets, stainless steel appliances, double ovens, an oversized walk-in pantry, and abundant prep space, while overlooking the spacious family room and serene outdoor scenery. Formal living and dining rooms welcome you just off the Foyer, along with a separate private office overlooking the front lawn. Open concept floorplan with formal and informal areas provides the perfect spaces for hosting gatherings of any size. Luxurious owner's suite is a peaceful retreat offering a comfortable sitting area, private lanai access, dual walk-in closets and serene views of the pool, pond, and spectacular sunsets. The spa-inspired primary bath features dual vanities, a relaxing jetted soaking tub, and a spacious walk-in shower. Three way split floorplan offers two separate guest wings providing privacy and flexibility for family and visitors. Dedicated Laundry room has built custom ironing board, utility sink, washer, dryer and storage. Sliding glass doors usher you outside to your own private paradise where the expansive screened lanai and sparkling pool invite you to relax while enjoying some of the most spectacular sunset and pond views in all of Lake Jovita! The current owners say their favorite feature is the unmatched sunset views that make every evening special! Located within the secure, 24-hour guard-gated Lake Jovita Golf & Country Club, residents enjoy low HOA fees, no CDD, private streets, playgrounds, picnic pavillion, two dog parks, tennis and pickleball courts, walking trail with exercise stations and optional membership to world-class amenities including two championship golf courses, a fitness center, resort-style pool, clubhouse dining, and an active social calendar. The 2023 Architectural Shingle ROOF ($23,000) provides added peace of mind, and the home's prime location offers convenient access to Wesley Chapel, Tampa, premier shopping, dining, medical facilities, and major highways for east commute for work or leisure. This is more than a home—it's a luxury lifestyle with some of the finest golf course and water views in the Hills of East Pasco. CALL TODAY!
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.
