This New Tampa home has been beloved by the same owners for over twenty years, now it's time to hand over the keys to the next! Providing 4 bedrooms + a designated office, and 3 full bathrooms, this home is turnkey with a desirable split floor plan layout and open concept living. You’ll fall in love with the highly sought-after Richmond Place community in New Tampa from the moment you arrive. From tree-lined streets, to all the community amenities, and the convenient location, you will love making this home. Beautifully landscaped, the front porch welcomes you. Stepping inside, you’ll appreciate the large windows and natural light, plantation shutters adorn the front of the home in the formal living and dining rooms. The beautifully remodeled kitchen is the heart of the home, open to the family room where countless memories will be made. This main living area features high ceilings and sliding doors opening to the large screened-in back patio overlooking the conservation, providing a peaceful sanctuary to enjoy morning coffee or an evening drink to relax and unwind. The lot is spacious at 0.3-acres with plenty of room for a future pool. This home's layout is ideal providing split floor plan living. The primary suite features a walk-in closet with built-in shelving, and a spacious primary bath with soaking tub, frameless glass shower, and dual vanities. Three additional bedrooms are on the opposite side of the home, with two full bathrooms, including one bath accessible from the back lanai. The home also provides a designated office, which could easily be a fifth bedroom, if needed. Other highlights include: newly painted interior, newer gas water heater and gas hookup for the stove, separate laundry room, irrigation system, new hurricane-rated garage door, and much more. The convenience of this location can’t be beat. Located just minutes to shops and dining, top rated schools, plus just minutes to the interstate for a quick commute into downtown Tampa. Just in time for summer, the community provides a resort-style pool, playground, tennis courts, parks & walking trails. Plus for an additional fee, access for residents to the West Meadows Community Club with additional pools & waterslide, fitness center, tennis courts, basketball courts, volleyball courts, playground, clubhouse, dogs parks, sports fields and more. Your new home awaits!
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.
