Don't miss this RARE Opportunity to own this Beautiful, Turnkey Home with Numerous Upgrades in Wesley Chapel’s Smart Home Community of Union Park and take FULL ADVANTAGE of an INCREDIBLY LOW, ASSUMABLE FHA MORTGAGE WITH A 2.99% INTEREST RATE!!! (List of Upgrades found in Photos) Welcome to this Move-In ready, single-family home featuring numerous upgrades and pride of ownership throughout. Nestled on a .13-acre homesite in the highly sought-after Union Park “Smart” community, this one-owner home has been lovingly maintained and thoughtfully improved for comfort and style. Step inside this spacious 1,690 sq. ft. single-level floor plan, offering 3 bedrooms, 2 bathrooms, and an open-concept living area designed for modern living. The layout includes an inviting entry foyer, family room, dining area, and inside laundry room (WASHER & DRYER INCLUDED!). The split-bedroom floor plan provides privacy for family or guests, with two generous bedrooms and a full bath located at the front of the home. The well-appointed kitchen overlooks the living and dining areas and features stainless steel appliances (refrigerator, range, microwave, and dishwasher), custom under-cabinet lighting, and a spacious breakfast bar—perfect for casual dining or entertaining. Relax or entertain outdoors in the oversized screened-in lanai, complete with Cool Deck flooring and custom in-track LED lighting—ideal for morning yoga or evening gatherings. The large, fenced backyard offers additional privacy and includes solar accent lighting for a warm nighttime glow. Your primary suite is tucked privately beyond the kitchen and offers a serene retreat with plenty of natural light and En-Suite bathroom. Additional highlights include an ADT Smart Home security system with video doorbell and cameras, quarterly serviced A/C, and custom LED exterior lighting along the front fascia and rear lanai for year-round ambiance. Union Park residents enjoy resort-style amenities, including community pools, walking trails, playgrounds, dog park, fitness center, sports field, splash pad, picnic pavilions, outdoor fitness stations, and fire pit. THE LOW HOA fee INCLUDES Spectrum high-speed internet AND cable, both at home and throughout the community! Located in Wesley Chapel, known for its top-rated schools and unbeatable convenience—close to The Shops at Wiregrass, Tampa Premium Outlets, AdventHealth, BayCare, Moffitt, VA Hospitals, dining, entertainment, and easy access to I-75, I-4, and all Tampa Bay attractions. BONUS: Seller-approved lender credit available!
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.
