Framed by tranquil pond and conservation views in the sought-after community of Talavera in Spring Hill—just one mile north of Land O’ Lakes—this stunning 2-story M/I Homes Barcello model offers the perfect blend of elegant living, spacious design, and peaceful outdoor scenery.Built in 2020, this beautifully maintained residence features 5 bedrooms, 4 bathrooms, a spacious loft, and a 3-car garage spanning 3,155 square feet of thoughtfully designed living space. Situated on a beautifully landscaped and fully fenced 75 x 120 homesite, the home features an attractive stacked stone-accented front elevation that enhances its impressive curb appeal. In the rear, a covered lanai overlooks serene pond and conservation views, creating a private outdoor retreat perfect for relaxing or entertaining. Step inside through the grand foyer and discover an open-concept floor plan designed for both comfortable everyday living and effortless entertaining. Wide plank luxury vinyl flooring and soaring ceilings flow throughout the main living areas, leading to an elegant formal dining room and an expansive family room filled with natural light and picturesque water views. At the heart of the home is the beautifully appointed kitchen featuring abundant tall raised-panel dark wood cabinetry with crown molding, granite countertops, stainless steel appliances, a designer tile backsplash, recessed lighting, pantry, and an oversized center island with pendant lighting and seating. Adjacent to the kitchen is a spacious café or morning room, ideal for casual dining and everyday gatherings, with French doors leading to the covered lanai and fully fenced backyard. The spacious first-floor primary suite offers a private retreat with wide plank luxury vinyl flooring, ceiling fan, and an ensuite bath featuring a granite-topped vanity, relaxing garden tub, walk-in tiled shower, and generous walk-in closet.Designed with flexibility and privacy in mind, this popular 3-way split floor plan includes three additional bedrooms and two full baths on the first floor. Upstairs, an oversized loft provides the perfect bonus living space for a media room, game room, playroom, or second family room, along with additional storage space. Bedroom 5 features a walk-in closet and convenient ensuite-style bath access that is also accessible from the loft area, creating an ideal private upstairs retreat for guests or extended family. Conveniently located near top-rated schools, shopping, dining, and everyday conveniences, the community of Talavera offers resort-style amenities along with easy access to US Highway 41, SR-52, and the Suncoast Parkway for a convenient commute to Tampa and surrounding areas. Don’t miss your opportunity to make this exceptional home yours—schedule your private showing today!
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.
