This Bokeelia floor plan by LGI Homes located in the beautiful pedestrian friendly community of Ayersworth Glen is PRICED TO SELL! This one-story home, on an OVERSIZED LOT, features a SPLIT FLOORPLAN with 3 bedrooms, 2 baths, a large formal dining room which can be used as a den/flex space/4th bedroom, and is 1,542 square feet with a 2 car garage. Your new home comes with an irrigation system, in-wall pest control, water softener, tankless water heater, and hurricane shutters. In addition to its location and proximity to I75, Hwy 301, CR 672 and SR 674, Ayersworth Glen offers stellar neighborhood amenities that include: resort style pool with poolside cabana, clubhouse equipped with a fitness center, dog park, tennis/basketball court, playground, and picnic areas. If you like to entertain, you’ll love the LARGE backyard with vinyl fencing for privacy! The Ayersworth Glen community is close to many shopping, dining, and recreational activities including: area golf courses, canoe outpost-Little Manatee River, various nature parks, Simmons Park, Publix, Aldi, Sprouts, Sunset Grill at Little Harbor, Texas Roadhouse, Longhorn Steakhouse, Mandolas Italian Kitchen, Beef O’Bradys, Bealls, Walmart, and Home Depot just to name a few. Ayersworth Glen is close to St Joe’s South, Advent Health, South Hillsborough VA outpatient clinic, and is located just 20 miles from Downtown Tampa with its waterside eateries and events like the Annual GASPARILLA PARADE! Tampa International Airport and International Plaza are just over 30 miles away. From sports arenas, museums, and a vibrant theatre district to great shopping, dining and unbeatable nightlife, there is something for everyone just a short drive away from home. All information considered to be accurate. Buyer/Buyer’s agent should verify independently.
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.
