VA assumable loan at 4.75 percent available for qualified buyers. Imagine spending your weekends by the pool instead of mowing the lawn. Welcome to this move in ready 3 bedroom, 2 bathroom villa with peaceful pond views in the highly sought after Lakeside community, where the HOA covers the roof, exterior paint, lawn care, and irrigation for truly low maintenance living. Inside, you'll find 1,521 square feet of bright, open living space filled with natural light, high ceilings, and a layout designed for both comfort and functionality. The spacious kitchen features granite countertops, shaker style cabinetry, stainless steel appliances, a breakfast bar, and ample storage, making it the perfect gathering place for family and friends. The dining area offers plenty of room for a full size table and flows seamlessly into the main living space. Large windows and sliding glass doors frame peaceful water views and lead to the paver patio, creating the perfect setting for morning coffee, evening relaxation, or entertaining guests. With no rear neighbors, you'll enjoy an added sense of privacy and tranquility. The primary suite serves as a private retreat with a large walk in closet and an en suite bathroom featuring dual vanities, shaker cabinetry, and a spacious glass enclosed shower. The split bedroom floor plan offers flexibility with two additional bedrooms, ideal for guests, a home office, or hobbies. A second full bathroom, indoor laundry room, and one car garage add to the home's convenience. This pet friendly community is not age restricted and offers an impressive lineup of amenities including a resort style pool, clubhouse, fitness center, tennis and pickleball courts, basketball court, dog parks, walking trails, playground, and fishing pier. Residents also enjoy community events and social activities throughout the year. Conveniently located near shopping, dining, medical facilities, major highways, Hudson Beach, Tampa International Airport, and downtown Tampa, this home offers the perfect combination of comfort, convenience, and lifestyle. Schedule your private showing 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.
