Sunrises over the water. Evenings by the fire. A rare lakefront retreat with room to breathe and no HOA restrictions. With 80 feet of open water frontage and a floating dock, this 2-bedroom, 2-bath home delivers the kind of waterfront lifestyle that’s hard to find. Cast a line from your backyard, launch a kayak, or simply unwind on the screened rear porch as the light dances across the lake. Inside, 2,227 square feet unfold in a spacious open floor plan designed for both comfort and character. Decorative arches, cathedral ceilings, and custom stained-glass accents above create a warm, inviting atmosphere you won’t see in cookie-cutter homes. The kitchen and family room flow seamlessly together, anchored by granite countertops, stainless steel appliances, a Bosch dishwasher, a refrigerator, and a convenient eating space perfect for casual mornings or hosting friends. A brick fireplace adds charm and coziness to the main living area, while two sets of sliding glass doors frame the water view and fill the home with natural light. Wood flooring in the bedrooms and family room enhances the warmth of the space. Both bedrooms are generously sized, and the split-bedroom layout provides privacy. A dedicated office at the front of the home offers the ideal setup for working remotely or managing household tasks with ease. Step outside and enjoy a fully fenced yard—vinyl fencing in the front, farm fencing along the sides, and gated access to the lake. Two storage sheds provide ample room for tools, lake gear, or hobbies. The covered two-car carport, rain gutters, and additional outdoor storage add everyday practicality. Major updates offer peace of mind, including a 2022 AC system and a 2024 mini-split. The home is equipped with a water softener on a well, blending efficiency with comfort. Location is just as impressive. With quick access to I-275, commuting is simple, and you’re close to shopping, restaurants, Walmart, USF, the VA Hospital, Florida Hospital, Moffitt, Tampa International Airport, and the area’s beautiful Gulf beaches. Enjoy suburban tranquility without sacrificing convenience. This is lakefront living at its best—ready for its next owner to make it their own. ***FREE 1/0 Rate Buydown when using the seller's preferred lender!***
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.
