Priced to Sell! Come see this beautiful 3/2/2 home that has been *completely* redone into a welcoming, open-concept floor plan! You'll be welcomed by a calming water fountain in a maintenace-free rock garden out front. Fresh exterior paint, seamless white gutters, as well as new double-pane windows & doors give this 1994 home AMAZING curb appeal. These new windows & doors are fully permitted and offer you increased safety & energy efficiency. As you enter the home through the beautiful decorative-glass french doors, you'll be greeted by crown moulding & large-format porcelain plank tile. A brand new, oversized ceiling fan easily cools the entertaining space that boasts a cathedral ceiling. New cabinets in the kitchen, bathrooms, & even the laundry room with matching granite countertops throughout! Master bedroom has French doors that open into the Florida room. His & Hers (or maybe Hers & Hers) closets in the master bedroom offer tons of storage for shoes & accessories with a Closetmaid shelving system. Master bath has glass shower doors with a ceiling-mounted rain shower head, built in nooks, & a shave shelf, as well as an 8' counter with His & Hers sinks & cabinets. There's tons of natural lighting throughout as well as a skylight in the kitchen & all interior windows have brand new, 2'' faux-wood blinds. Kitchen has plenty of room to entertain with a 9' island that can easily seat 4. Easily prep meals with the new satin nickel faucet that has a separate sprayer, soap dispenser, & garbage disposal air switch built in to the countertop. Also seen are soft-close doors & drawers throughout with undercabinet lighting & pullout shelves in the kitchen. Fully permitted Florida room offers an additional 300 sqft of space to view your fully permitted fenced backyard with mature trees. Property has a 7-zone irrigation system with a control box located in the garage. Home now has a brand new 2.5-ton A/C & 50-gallon water heater. Additionally added is a full set of Samsung stainless steel appliances with W/D included! Over-the-range microwave & glasstop double oven will make cooking for the holidays a breeze! Super quiet belt-driven garage door motor with battery back-up & new lighting throughout will have you wanting to make this house your new home. Garage has a side entry door & peg board for organized storage. Roof was redone in 2016 & recently soft-washed. Overhead electric was converted to underground for improved aesthetics & potentially fewer weather-related outages! The home has its own septic tank which saves you money on monthly utility bills. To the home's East, the neighbor is separated by City Easement which gives the yard a bigger appearance & puts a little extra space between houses. No HOA means no ridiculous monthly fees! Come see for yourself how clean & move-in ready this house is! There is no popcorn ceiling, laminate counters, carpet or vinyl floors here! No expense was spared during this remodel! Home is centrally located just 5 minutes from the Suncoast Expressway, local shopping, & great schools!
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.
