Welcome to your dream home nestled in the beautifully treed neighborhood of Caloosa Pines, on one of Sun City Center’s prettiest streets. This expanded Clairmont model provides a SPLIT BEDROOM floorplan plus a DEN. The spacious ensuite primary bedroom has VAULTED CEILINGS, a walk-in closet, easy step shower with built-in bench seat, and French doors leading to the Florida room- a sunny multipurpose space with crown molding and large windows overlooking the lush backyard. The kitchen features newer STAINLESS APPLIANCES, ample cabinets and prep space, a breakfast bar, closet pantry and dinette area with a lovely BAY WINDOW. The Den features double privacy doors and a large built-in bookcase. The Great Room has a vaulted ceiling, French Door access to the Florida room and lanai. There are two screened lanais with this home, front and back designed to embrace the Florida lifestyle. Other special features include *NEW A/C 2026, *UPDATED FLOORING, *UPDATED WINDOWS, *NEW WIFI GARAGE DOOR, and lots of STORAGE in the garage and attic. The HOA provides professional management, lawn care, fertilizer, mulch and partial trimming. Located only a short golf cart ride away to the Community Association’s central campus with an array of activities to enjoy. Sun City Center has been named the #1 retirement community in the USA with all the services you need including recreation, clubs and activities, volunteer opportunities, stores, restaurants, medical facilities, financial services, and houses of worship. Minutes away is I75 linking to a short drive to Tampa, Sarasota and St. Petersburg, near 3 international airports, beaches, theaters, museums, fine dining, advanced medical, special events and major league sports too. What a great place to be living the dream!
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.
