ASSUMABLE VA LOAN at 2.25% for qualified VA buyer – subject to lender and VA approval. Solar panels (paid in full convey) provide significant year-round power savings. Move-in ready with extensive updates and NO carpet. This beautifully maintained single-story Hartford model offers 1,936 sq ft of thoughtfully designed living space with 4 bedrooms, 2 full bathrooms, and a 2-car garage. The updated kitchen features a large center island overlooking the open café and family room, new stainless steel appliances, new tile flooring throughout main areas, new cabinetry, granite countertops, updated bath vanities, and fresh interior paint. The open-concept layout is ideal for everyday living and entertaining. The private owner’s suite includes an oversized bedroom, dual vanities, a walk-in closet, and an en-suite bath. Additional bedrooms are positioned toward the rear of the home for added privacy. Enjoy outdoor living on the covered patio and welcoming front porch. The spacious two-car garage offers ample parking and storage. Located in Cypress Mill, residents enjoy resort-style amenities including a clubhouse, fitness center, resort-style pool with cabanas, splash pad, dog park, playgrounds, basketball courts, tennis courts, pickleball courts, and walking trails. Convenient SouthShore location with easy access to I-75 and US-301. Approximately 30–40 minutes to Tampa International Airport, 35–45 minutes to St. Pete–Clearwater International Airport, and an easy drive to Downtown Tampa and Tampa Bay waterfront. Enjoy convenient access to Gulf Coast beaches including St. Pete Beach and Clearwater Beach. Shopping, dining, and entertainment options including Brandon Town Center are just minutes away.
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.
