Resting on a picture perfect lot with welcoming curb appeal and nothing but trees as your rear neighbor, this 4 bedroom, 2 bath pool home is tucked within the gated Heatherstone neighborhood of Meadow Pointe III! A 2021 roof, 2022 AC, and a central Wesley Chapel location add even more value to this inviting home. Inside, wood flooring runs through the formal dining room, light and bright living room, and privately split primary bedroom. High ceilings give the main living area an open feel, while sliding glass doors draw your eye straight out to the pool deck. Overlooking it all, the eat-in kitchen is nicely appointed with stainless steel appliances, a natural gas range, stainless steel apron sink, granite countertops, generous pantry storage, and dinette seating. Just off the kitchen, the laundry room and access to the oversized garage are conveniently placed for easy unloading and everyday chores. Privately set apart from the secondary bedrooms, the owner’s suite enjoys serene backyard and pool views, along with a spacious ensuite featuring a jetted tub, walk-in shower, dual sinks, and a large walk-in closet. Across the home, bedrooms 2 and 3 offer plush carpet flooring, ceiling fans, and convenient access to the second full bathroom. Near the front of the home, bedroom 4 adds an interesting layer of flexibility. With double-door entry and its current setup as an extra living room, it could easily serve as an office, playroom, media space, or true fourth bedroom. Made for entertaining and everyday family life, the layout offers the perfect balance of openness and privacy before extending outdoors to an impressive poolside retreat. A paver pool deck and lanai provide plenty of room to relax, with a covered seating area for shade and a sparkling swimming pool with solar heat added in 2021. With trees beyond the backyard and no rear neighbors, the setting feels peaceful, private, and easy to enjoy. The gated Heatherstone at Meadow Pointe III offers access to community amenities including a swimming pool, clubhouse with fitness center, sports courts, playground, and more. Close to major highways and all of Wesley Chapel’s shopping, dining, and entertainment, this home is ready to welcome its next owner. Call today to schedule your private showing!
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.
