Experience the perfect blend of space, style, and location in this exceptional home located in the desirable K-Bar Ranch community of New Tampa. TUCKED AWAY ON A PEACEFUL CUL-DE-SAC, this property sits on a PREMIUM CONSERVATION LOT with no neighbors to the right, offering privacy and tranquil surroundings. Inside, you’ll find 4 bedrooms and 3 full bathrooms arranged in a bright, OPEN FLOOR PLAN designed for modern living. The home was designed with HIGH CEILINGS AND UPGRADES SUCH AS 8-FOOT DOORS, AND 5¼-INCH BASEBOARDS that set it apart. A SECONDARY BEDROOM WITH A PRIVATE EN SUITE BATH provides a flexible option for guests or extended family, or multi-generational living. The expansive primary suite is a true highlight, featuring a GENEROUSLY SIZED LAYOUT, PRIVATE ACCESS TO THE LANAI, AND DUAL WALK-IN CLOSETS. The open kitchen is both functional and stylish, complete with a LARGE ISLAND AND BREAKFAST BAR, PENDANT LIGHTING, 42-INCH WOOD CABINETRY WITH CROWN MOLDING, GRANITE COUNTERTOPS, AND UPGRADED STAINLESS STEEL APPLIANCES. The SLEEK GLASS COOKTOP HAS A STYLISH HOOD VENT, AND A LOVELY TILE BACKSPLASH, AND SPACIOUS PANTRY round out this first-rate, modern kitchen. The adjoining dinette area overlooks the outdoor living space, making everyday meals feel truly special. A standout feature of the home is the OVERSIZED LAUNDRY ROOM, OFFERING A UTILITY SINK, ABUNDANT CABINET STORAGE, AMPLE COUNTER SPACE, AND HIGH-END WASHER AND DRYER INCLUDED. Step outside to enjoy Florida living at its finest on the EXTENDED COVERED AND SCREENED LANAI—perfect for entertaining or unwinding. The OVERSIZED BACKYARD provides ample space to add a custom pool or create your own private retreat. Residents of K-Bar Ranch enjoy access to RESORT-STYLE AMENITIES INCLUDING A CLUBHOUSE, POOL, PLAYGROUNDS, SPORTS COURTS FOR BASKETBALL, TENNIS, AND PICKLEBALL, AS WELL AS SCENIC WALKING TRAILS. Plus, the community borders a wilderness preserve, giving you easy access to outdoor activities like hiking, biking, canoeing, and fishing. This home offers the lifestyle you’ve been looking for—private, spacious, and conveniently located in one of New Tampa’s most popular communities.
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.
