BRING YOUR BOATS AND BRING YOUR TOYS! NO HOA or CDD, this WATERFRONT home nestled on 0.34 acres in Keene Lake Manors with LAKE ACCESS to Keene Lake in the heart of Lutz is a RARE find! With 3-bedrooms + flex room, 2 bathrooms, and a 2-car garage, this home has it all Upon entering, light shines through the freshly painted (2026) open floor plan living, dining, and kitchen. Stepping inside your moody primary retreat, with rich plum walls and newer LVP dark wood flooring (2022), this spacious bedroom is designed to be a true escape. Fully equipped with a walk-in closet with custom shelving and its own en-suite bathroom, this is the kind of room you won’t want to leave. The kitchen boasts wood cabinets, granite countertops, an additional pantry, and newer stainless-steel appliances (oven and dishwasher 2022), all overlooking the sunroom and patio with water views. The remodeled sunroom (2023-2024) offers a speakeasy-inspired charm, with a newer, dramatic ceiling and warm lighting (2022). You’ll find it the perfect space to connect with others, get cozy with a good book, or simply watch the abundant wildlife. Bedroom three blends English library charm with newer LVP wood flooring (2022), botanical wallpaper, detailed crown molding, and a vintage-style chandelier (2024); this room is perfect for a home office, reading room, and so much more. Some additional upgrades include IMPACT WINDOWS AND DOOR THROUGHOUGHT (2020), WATER SOFTENER SYSTEM, and a NEWER SEPTIC AND DRAIN FIELD (2019). Stepping outside, the fully screened-in patio was added in 2020, overlooking your FULLY FENCED IN BACKYARD, with canal views, leading to the 30-acre and private Lake Keene. A boat dock can easily be added, with the structure there to add one. Jen Ma Jo is a quiet, dead-end street with quick access to US 41 and I-275 heading south to Tampa. FL-54 is a short distance away, where you will find endless shopping, food, and more. This RARE gem offers country living while being close to all that Tampa has to offer. What are you waiting for? SCHEDULE 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.
