Qualifies for Florida Hometown Heroes! Discover resort-style living in the highly sought-after South shore Bay Lagoon community! Welcome to this beautifully maintained 4-bedroom, 3-bathroom home offering 2,328 square feet of thoughtfully designed living space in one of Wimauma’s premier master-planned communities. Whether you’re a first-time homebuyer, relocating to Florida, or searching for a spacious home with exceptional amenities, this property offers the perfect blend of comfort, convenience, and lifestyle. Step inside to an open-concept floor plan filled with natural light, where the spacious kitchen overlooks the living and dining areas ideal for entertaining, family gatherings, or everyday living. The split-bedroom layout provides added privacy, while the generous primary suite features a private ensuite bath and ample closet space. Three additional bedrooms and two full bathrooms offer flexibility for guests, a home office, or multigenerational living. Outside, enjoy a low-maintenance backyard with room to create your own outdoor retreat. As a resident of South Shore Bay, you’ll enjoy exclusive access to the spectacular Crystal Lagoon®, featuring crystal-clear blue water, sandy beaches, kayaking, paddle boarding, waterslides, cabanas, beach volleyball, community events, walking trails, and resort-style amenities that make every day feel like a vacation. Conveniently located near US-301, I-75, Riverview, Apollo Beach, Sun City Center, Tampa, MacDill Air Force Base, shopping, dining, healthcare, and Gulf Coast beaches, this home offers an easy commute while enjoying a true Florida resort lifestyle. Eligible buyers may qualify for Florida Hometown Heroes down payment and closing cost assistance, as well as FHA, VA, USDA, and conventional financing. Ask about available lender incentives and buyer assistance programs. Don’t miss this opportunity to own a beautiful home in one of the Tampa Bay area’s most exciting lagoon communities. Schedule your private showing today! Search-friendly keywords: South Shore Bay home for sale, Wimauma FL home, Crystal Lagoon community, lagoon home, 4-bedroom home in Wimauma, Florida Hometown Heroes, down payment assistance, resort-style community, move-in ready home, Tampa Bay real estate, first-time homebuyer, FHA, VA, USDA financing.
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.
