Craftsman-style David Weekley 4-bedroom, 3-bath with Bonus room (and possible 5th bedroom), located in fabulous FishHawk Ranch. BRAND NEW ROOF to be installed before closing! With a welcoming covered front porch and a leaded-glass front door to the thoughtfully designed interior, this beautifully maintained residence offers the perfect blend of style, comfort, and functionality. Fresh landscaping and a neutral interior paint palette create an inviting first impression. An open floor plan provides the ideal backdrop for both everyday living and entertaining. Beautiful architectural details throughout include arched doorways, crown molding, and chair rail accents. A spacious kitchen features a large breakfast bar island, 42” light wood cabinetry with crown molding, extensive counter space, and abundant storage. The kitchen is thoughtfully designed for both casual meals and entertaining, with a dedicated water filtration system providing added convenience. The upstairs bonus retreat offers incredible versatility with a full bathroom, making it the perfect space for a media room, home office, playroom, guest suite, or additional living area. The laundry room includes built-in shelving and a convenient folding area, while the water softener adds an extra level of comfort and functionality. Enjoy the best of Florida living in the large screened-in, covered lanai overlooking a fully fenced backyard with no rear neighbors. This private outdoor retreat offers plenty of space to relax, entertain, or enjoy peaceful evenings surrounded by nature. Beyond the home, experience the highly sought-after FishHawk Ranch lifestyle, one of Lithia’s premier master-planned communities. Residents enjoy resort-style pools, a fitness center, miles of scenic trails, sports courts and fields, playgrounds, and a vibrant community atmosphere with activities for all ages. With its desirable location, thoughtful upgrades, flexible living spaces, and exceptional community amenities, this FishHawk Ranch home offers the perfect combination of privacy, comfort, and convenience.
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.
