Welcome to this Exceptional 5 Bedroom, 4 Bath home, offering 2,906 sq ft of thoughtful living space in Merlin Glen Village of Fishhawk Ranch. It is situated on over a quarter acre with a generous 90' x 126’ lot dimensions, this home combines spacious living, privacy and unbeatable community lifestyle. From the moment you arrive you’ll appreciate the beautiful curb appeal featuring fresh landscaping, a walkway leading to the oversized front double doors. Discover soaring ceilings, designer lighting, beautiful flooring and an open inviting layout designed for both everyday living and entertaining. The flexible floor plan includes a dedicated home office at the front of the home, prefect for remote work or study. The spacious Primary Suite offers a private retreat with dual walk-in closets and a luxurious en-suite bathroom featuring a garden tub, separate shower, and ample space to unwind. Brand new carpeting and New Interior Paint throughout all of the bedrooms adds a fresh, move in ready touch. At the center of the home, the expansive kitchen boast a large Island, Breakfast Bar, abundant Cabinetry, Granite countertops, Stainless appliances (to include a New French style Refrigerator). The kitchen flows seamlessly into the breakfast area and family room, creating the ideal gathering space for family and friends. A unique upstairs bedroom with its own private en-suite bath offers endless possibilities as a bonus room, guest suite, media room or a multi-generational living space. Outdoor living is just as impressive with an extended screened lanai overlooking the oversized, fully fenced backyard. With more than a quarter acre of outdoor space, there’s plenty of room to add your dream pool. Living in Fishhawk Ranch means enjoying one of Tampa Bay’s Premier Master- Award Winning Planned Communities, featuring more than 25 miles of scenic walking and biking trails, resort-style pools, multiple fitness centers, pickleball/ tennis courts, playgrounds, a skate park and dog parks. Zoned for TOP RATED and highly acclaimed schools, Bevis Elementary, Randall Middle and Newsome High School. This neighborhood is convenient to Tampa, Orlando, Disney, Shopping, Dining and several beautiful white sand beaches.
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.
