Make sure to check out the Virtual Tour for a 3D Model w/ Walkthrough, Floor Plan w/ Measurements, Video, & more! Space, style, and flexibility all wrapped into one beautifully maintained package, 13428 Mandalay Place checks boxes most homes can only dream about. Located on a spacious .31 acre corner lot inside the gated Sterling Hill community, this home offers 4 bedrooms, 3 full bathrooms, TWO oversized primary suites, a dedicated office, and a 3 car garage across 2,653 square feet of living space. With a New Roof and AC both installed in 2023, the home also brings peace of mind to match the space and flexibility that comes with soaring ceilings, expansive living areas, and a layout designed for real life, ready for growing families, guests, or multi generational living - and with an assumable (if you qualify) 2.25% interest rate this one is a STEAL! Inside, the vaulted ceilings and open spaces immediately make the home feel airy and inviting. The formal living and dining areas create an impressive first impression while still feeling comfortable. The office or flex room near the front entry gives you endless possibilities including a home office, playroom, fitness room, or even a potential fifth bedroom setup. Luxury vinyl flooring throughout the main living spaces adds a clean modern look that ties everything together beautifully. The kitchen sits at the center of the home and was built for functionality and gathering. Endless cabinetry, generous counter space, a breakfast bar, and an oversized breakfast nook flow seamlessly into the family room, creating a setup that keeps everyone connected. The family room offers plenty of room for furniture, movie nights, and entertaining. One of the standout features is the rare dual primary suite layout. The main primary suite offers a spacious retreat with room for a sitting area, and a massive ensuite bath complete with dual vanities, garden tub, separate walk in shower, private water closet, and an oversized walk in closet. The second primary bedroom creates incredible flexibility for anyone who appreciates a little extra privacy. The additional bedrooms are generously sized, and the thoughtful split floor plan keeps the home flowing comfortably for both everyday living and entertaining. Even the laundry room and garage spaces feel oversized and practical, giving you storage space that actually makes a difference. Step outside and the Florida lifestyle fully kicks in. The oversized screened lanai and expansive paver patio create the perfect setup for outdoor dining, relaxing evenings, and backyard gatherings beneath the mature shade trees. The fully fenced backyard offers privacy, room for pets to roam, and direct access to a pool bath already in place if adding a future pool is on the wish list. The corner lot adds extra curb appeal, while the oversized 3 car garage leaves plenty of room for vehicles, storage, and golf carts. Sterling Hills offers gated access, resort style pools, fitness centers, playgrounds, splash pad, tennis courts, basketball courts, walking trails, volleyball courts, and a huge dog park. The Suncoast Parkway is approximately 15 minutes away for an easy Tampa commute, US 19 is around 20 minutes away, and Weeki Wachee Springs State Park is roughly 15 minutes from home. While shopping, dining, grocery stores, and golf courses are all nearby. Schedule your private showing before someone else decides this is exactly where their next chapter belongs.
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.
