This stunning 5-bedroom, 4-bathroom pool home does not lack with 3,531 sq ft of space it delivers the perfect blend of style, comfort, and sustainability. The paver driveway, stone accents, and lush tropical landscaping set the Florida tone. Inside, you'll find updated LVP flooring that flows throughout the main level, updated modern light fixtures and an open-concept layout. The kitchen features gray shaker cabinets, quartz countertops, tile backsplash, stainless steel appliances and a large island with a true butlers pantry and walk-in food pantry! Work from home comfortably in your dedicated home office with glass french doors and a stylish modern barn door that connects to the kitchen adds flexibility for a fantastic flow throughout all living areas. As you travel upstairs to the left the primary suite shows off with a tray ceiling, crystal chandelier, spa-like ensuite with dual his and hers granite vanities, soaking tub, and a massive walk-in closet. Additional highlights; a Murphy bed guest room, a full bathroom downstairs, large laundry room with utility sink, a very spacious upstairs bonus/flex room, solar panels, 3-Car Tandem Garage with mounted ceiling racks! The tandem spot is a perfect space for a home gym, sports cave or whatever you can dream up and still space to park 2 cars and did we mention ALL upstairs bedroom closets are walk-in closets! In addition to the full bathroom up stairs one bedroom has it's own bathroom suite! This house DOES NOT miss! Long Lake Ranch offers a resort-style pool with splash zone, 40-acre fishing lake, kayaking dock, tennis & basketball courts, dog park, playgrounds, and miles of walking trails — all zoned for A-rated schools with easy access to the Suncoast Parkway, I-75, and Tampa International Airport. If you sleep on this home, you won't be sleeping in it — schedule your showing today.
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.
