One or more photo(s) has been virtually staged. Built in 2021, this well maintained Lincoln floor plan has just under 2,600 sq.ft. with 4-bedrooms, 2-bathrooms, an office and a 3-car garage on a Conservation Lot! This location is not in a Flood Zone and has a Low HOA. This elevation includes an extended front porch, creating the perfect sitting area to enjoy the lush landscaping, while the flower beds are enhanced with concrete landscape edging for added curb appeal. Inside, there is a foyer that creates a drop zone and space for separation from daily living along with a flex space that is currently being used an a home office. Ceramic tile throughout the main living spaces and bathrooms provides a clean, consistent look while being durable and easy to maintain. The open-concept layout creates a spacious and welcoming main living area, seamlessly connecting the kitchen, dining, and living spaces for easy entertaining and comfortable living. High ceilings add to the bright and airy feel, while the oversized kitchen island serves as the centerpiece overlooking the entire great room. The kitchen features granite countertops, a tile kickplate, and an oversized walk-in pantry, offering plenty of storage and workspace. The oversized screened lanai extends your living space outdoors and is designed for both relaxing and gatherings, with plenty of room for multiple seating areas and outdoor dining. The backyard offers an impressive amount of space with a fully fenced layout and gated access, providing plenty of room for outdoor activities, pets, or future additions. Backing to a peaceful conservation area with no rear neighbors, the yard combines privacy with a serene natural setting. Back inside, the spacious primary bedroom offers plenty of room for oversized furniture and features large windows and space to add a lounging area. The en-suite bathroom has dual sinks, walk-in shower and a private water closet. The walk-in closet provides an abundance of storage space with room for clothing, accessories, shelving, and additional organization options. The split floor plan offers added privacy, with the three generously sized secondary bedrooms located on the opposite side of the home. They have immediate access to the second full bathroom, which features a tub and shower combination with tiled shower walls and coordinating finishes that match the primary bathroom. The laundry room is large and has space for additional storage. The spacious 3-car garage provides ample room for vehicles, storage, tools, and recreational equipment, offering both functionality and flexibility. Also, the remainder of the builder warranty will transfer! South Fork is a pet-friendly community with amenities that include a zero-entry community pool, dog park, basketball court, playgrounds, walking trails connecting neighborhoods, outdoor fitness stations, and more. Conveniently located near shopping and restaurants, and just minutes from I-75, offering easy access to Tampa, Brandon, and surrounding areas.
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.
