This lovely home offers 4 bedrooms, 2 bathrooms, formal living room, formal dining room, large kitchen, dinette area, family room and dedicated laundry room. Located in the heart of Brandon allowing quick access to Rte 60 & I-75, 30 minutes to MacDill Air Force base & Busch Gardens, and under an hour to Orlando's theme parks. As you enter the home you will appreciate the vaulted ceilings in the living room (which includes a slider to the lanai) and the dining room. To the right of the home you will find the generously sized master bedroom which includes a slider to the lanai, an ensuite with a large remodeled stand alone shower (2023), double vanity and double closets. To the left of the home, and conveniently located off the dining room, you will find the remodeled kitchen which includes new cabinets - with a pantry cabinet and numerous large storage drawers, and new quartz countertops, as well as a generously sized family room with a wood burning fireplace and slider to the screened lanai. Rounding out the left side of the home you will find 2 additional bedrooms, a full bathroom and a laundry room. Exiting through one of the 3 sliding glass doors you will find the screen lanai, sparkling swimming pool and sprawling backyard. The outdoor area provides you with the perfect spot to gather with family and friends. Upgrades/amenities include: Luxury vinyl flooring & ceramic tile 2023, Roof 2021, AC 2020, Windows (partial) 2018, Hurricane shutters, Pool pump - heater - filter - resurfacing 2017, newer lighting and ceiling fans, 2 sun tubes (natural lighting - kitchen), Updated 5 zone sprinkler system, Ring doorbell & exterior camera, Orange trees.
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.
