The Premium Lake View & Cul-De-Sac Lot sets this townhome apart from everything else on the market! No neighbors in front, no neighbors behind, just peaceful Florida living in gated Lakeview at Citrus Park. Built in 2020 by Mattamy Homes, the popular Ormond Floor Plan offers 1961 SqFt, 3 spacious bedrooms, open concept living, walk-in closets in all bedrooms & a bonus upstairs loft! The French Country exterior makes an immediate impression with a warm color palette, stone accents, and an 8-foot front door. An extended driveway provides effortless maneuvering for 2-car households, while the 1-car garage is pre-wired for EV/Tesla charging. Inside, the 1st floor features upgraded wood-look tile throughout and an open-concept layout perfect for everyday living and entertaining. The kitchen is styled with soft gray 42" upper cabinets with crown molding, quartz countertops, island seating, a single-bowl undermount sink, stainless steel appliances including a new dishwasher, pendant lighting, and a walk-in pantry tucked under the stairs for exceptional storage. A built-in drop zone at the garage entry adds everyday functionality. The dining area transitions seamlessly into the family room, which features a decorative accent wall and sliding glass doors opening to the patio. The screened & covered patio is the perfect spot to enjoy a quiet morning coffee or evening sunset over the lake. A conveniently tucked-away 1/2 Bath rounds out the 1st Floor. Upstairs, a generously sized loft offers flexible space ideal for a home office, media room, or playroom. The primary suite is privately positioned at the rear of the home and features a spa-inspired bath with dual sinks, quartz countertop, plenty of counter space for you to spread out, a walk-in shower, linen closet, secondary closet, PLUS a huge walk-in closet! If closet space is a priority...this is the home for you! Bedrooms 2 & 3 are located at the front of the home and also feature walk-in closets. The second full bath offers a quartz countertop, upgraded cabinetry, and a tub/shower combo. Washer and dryer are conveniently located on the second floor and convey with the home. Situated just off the Veterans Expressway, this gated community offers quick access to the Westshore business district, Tampa International Airport, and downtown Tampa, making it ideal for commuters and frequent travelers. Zoned for top-rated schools and located in Flood Zone X. Just down the road from Costco, grocery stores, the Westchase community, restaurants, professional services, & the Citrus Park Mall. The HOA covers building insurance, water, reserves, grounds maintenance, a playground, and walking trails. Enjoy lower cost living with an energy-efficient newer home plus no CDD fees!
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.
