START SAVING FROM DAY ONE—this beautifully maintained home comes with PAID-OFF SOLAR PANELS at closing, giving the new owners an incredibly low electric bill of approximately just $25 a month! Adding even more peace of mind, the AC is only 2 1/2 years old and the hot water heater is less than a year old, making this home as smart as it is stunning. Offering 4 bedrooms, 2 1/2 baths, and 2,254 square feet, this home sits on a gorgeous fully fenced conservation lot, creating the perfect private backyard retreat with no rear neighbors and tranquil views to enjoy year-round. From the moment you arrive, the lovely curb appeal and attractive brick accents set the tone for what awaits inside. Pride of ownership is immediately apparent as you step through the foyer into the bright and airy great room floorplan highlighted by gorgeous modern tile flooring that beautifully mimics the look of wood. The spacious kitchen is designed for both everyday living and entertaining, featuring abundant cabinet and counter space, granite countertops, a large island with seating for four, a generous walk-in pantry, and stylish custom light fixtures that add the perfect designer touch. The dining area is equally inviting with upgraded lighting and sliding glass doors that lead out to the expanded lanai, beautifully adorned with lights to create the ideal setting for relaxing evenings, outdoor dining, and memorable gatherings with family and friends. The oversized 15 x 20 primary suite offers the perfect escape at the end of the day, complete with an ensuite bath featuring dual granite vanities, a garden tub, separate shower, and an incredible two-area walk-in closet that gives each person their own organized space and storage area. Upstairs you will also find three additional nicely sized bedrooms, all equipped with ceiling fans for added comfort. Located in the highly desirable community of Long Lake Ranch, this home offers exceptional convenience just off State Road 54 with quick access to the Veterans Expressway, making trips to Tampa International Airport and downtown Tampa fast and easy. Shopping, restaurants, and everyday conveniences are all just minutes away, and families will appreciate that the elementary, middle, and high schools serving the community are all highly rated. Residents also enjoy wonderful community amenities including a pool, playground, outdoor fitness area, and pickleball courts. Homes with this combination of major energy savings, thoughtful upgrades, privacy, location, highly rated schools, and pride of ownership rarely become available—schedule your appointment quickly before someone else falls in love with it first!
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.
