Stunning 3 bedroom, 2 bathroom block POOL home with a 3 car garage + 400sqft shop, in the heart of Spring Hill Florida. Come on over and check out your beautiful pool home situated on a beautiful fully fenced in 2 acre property. This home offers space, privacy, and comfort while still being conveniently located near shopping, dining, and everyday amenities. As you arrive, you will immediately appreciate the expansive property featuring white vinyl privacy fencing surrounding the entire 2 acres, creating a private and peaceful setting. The home also includes a spacious attached 3 car garage along with a 20 x 20 shed on a concrete pad located in the backyard, providing plenty of room for storage, hobbies, or additional workspace. Step inside and you will be greeted by high ceilings throughout that create an open and airy atmosphere. The kitchen is beautifully designed with high end soft close cabinetry and stainless steel appliances, offering both style and functionality for everyday living and entertaining. Your primary suite is a true retreat, featuring two massive walk in closets equivalent to the size of a bedroom alone. Your master bathroom is also spacious including a soaking tub, dual sink vanities, and a walk in tiled shower designed for relaxation and comfort. Step outside and enjoy the fully screened in pool area, perfect for relaxing, entertaining guests, or simply enjoying the peaceful views of your expansive property. With two full acres of land, there is plenty of space for outdoor activities, additional structures, or simply enjoying the privacy and tranquility that properties like this provide. Homes offering block construction, pool, a 3 car garage, and 2 fully fenced acres in this desirable area rarely become available. Come on over for a swim and check out this beautiful property. (ROOF 2021, Shed 2022)
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.
