UNICORN INTEREST RATE: 3.63% Assumable FHA + $5,000 Closing Costs! Welcome to your Florida dream home in the fast-growing, highly desirable heart of Wimauma. Beat the current market rates! This beautifully maintained residence is an exceptional opportunity for savvy buyers and investors alike. Offering a rare 3.63% Assumable FHA loan (via Roam) PLUS $5,000 towards buyer closing costs, this home makes luxury Florida living truly affordable. Property Highlights: •Unbeatable Financials: Secure a 3.63% interest rate and let the seller cover $5,000 of your closing costs. Keep your monthly payment incredibly low! • Sun-Drenched, Open-Concept Living: Step inside to a bright, airy floor plan designed for effortless everyday living and entertaining. • Entertainer’s Kitchen: The heart of the home features sleek countertops, ample cabinetry, and a massive center island overlooking the living and dining areas perfect for hosting family and friends. • Private Primary Retreat: Unwind in the generous primary suite, complete with a large walk-in closet and a spa-like ensuite bath. Additional spacious bedrooms offer total flexibility for guests, a growing family, or a dedicated home office. • Your Outdoor Oasis: Step outside to a private, low-maintenance backyard with plenty of room to relax, barbecue, or design your ultimate Florida retreat. • Resort-Style Community: Enjoy premier neighborhood amenities and convenient, quick access to top shopping, dining, major highways, and the best Tampa Bay attractions. Priced to sell and 100% move-in ready
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.
