Lake Front opportunity in an active over 55 community. All offers considered so bring your pontoon boat, or fishing poles and enjoy the wildlife that abounds in your back yard. Welcome to Middle Lake, a hidden waterfront gem that allows you to moor your pontoon boat in your backyard. There are bass in the lake and plenty of catfish. The lake is about 35 acres and features two natural and picturesque islands. These Islands serve as protected bird rookeries and are home to approximately 28 species of birds that you can enjoy viewing from the comfort of your screen enclosed patio or outdoor courtyard while barbequing with friends or grilling a hot dog on the fire pit. Sometimes you will watch the great blue heron perch on your bank or nest on the island across from your patio, many times you will see egrets, ibis, roseate spoon bills, wood storks that come in and roost on the trees and you will occasionally get visits from the osprey or the bald eagle. Every now and then you will get to hear the horn-rimmed owl and spot the red tail hawk that occasionally perches on the roof. Oh yes there are buzzards that live on the islands and a host of other wildlife too. This 3 bedroom 2 and 2 half bath Mediterranean style has a one-of-a-kind lake setting that gives plenty of peaceful relaxation. Most of the windows were replaced with hurricane impact windows, and a new roof was put on in 2023. The air conditioning was replaced in 2024. Rock pavers in 2020. Oh, and if you like fresh avocados then check this house as it has an avocado tree full of avocados that will be ready in late June and early July. A Myers lemon in front is full of lemons, a fig tree, elderberry and a few other edible fruit trees large enough to bear fruit. Golf carts are a second mode of transportation to visit neighbors, attend community events, grab a bite to eat, shop, or run errands nearby. And the hospital is about 5 minutes away from this home. The community offers an impressive variety of clubs and activities, including swimming, cards, horseshoes, sewing, stained glass, bingo, and many more social opportunities designed to fit every interest and lifestyle. Conveniently located with easy access to Interstate I-75 that will lead the way to Florida’s award-winning Gulf Coast beaches, downtown Tampa, sporting events, entertainment venues, shopping, and dining are all within reach. Enjoy cheering on the Tampa Bay Buccaneers or catching a Rays game just a short drive away. Schedule your private showing today and discover why so many residents love calling Middle Lake home. Seller is open to all offers. Property is being sold ‘as is” with no warranties expressed or implied. Buyers should satisfy themselves as to the room measurements as they are approximate. Information contained herein is subject to change without notice.
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.
