Short Sale. *Back on the market!* Here is the home you’ve been waiting for at a discounted price! With 5 bedrooms, 2.5 bathrooms and a 2 car garage, this newer 2,880 sq ft home quite literally has it all, including a brand new roof (installed 04/2025), smart home technology, solar panels and access to two beautiful community pools! The first floor features an open floor plan (the largest floor plan in Hawks Point West) with a well appointed kitchen, stainless steal appliances and gorgeous granite countertops. It doesn't stop there! The best hidden gem of the home is the adorable under-stairs playroom or dog apartment. Need a place to hide your things? Use it for storage instead! There is also plenty of space on the first floor for living and entertaining. You may choose to eat breakfast at the kitchen bar or kitchen dining area and then host dinner parties in your formal dining room and huge living area. Then retire to the covered back patio and experience the sunset while your own personal wildlife show entertains you from your private backyard reserve view. Upstairs you will find a massive complex of 5 bedrooms including a primary suite with tray ceilings, a large walk-in closet, gorgeous garden tub, separate spacious shower and a toilet room for those who crave privacy. The other 4 bedrooms allow for family, friends, office space or any other thing you could imagine, all complete with a bonus second floor lounge area to top it off. Next, let's talk amenities! Hawks Point features not one but two resort style pools, two playgrounds, two dog parks, an Amenities Center with a Clubhouse and a well appointed Gym that even the most discerning fitness fanatics will be impressed by. To finish it off, this home is only a two minute stroll to one of the 2 community pools, playgrounds and dog parks. With all of these things to offer, you will surely love this quiet Ruskin community not only for its many amenities but also for its location. Hawks Point is only a 7 minute drive to the golf course, a 14 minute drive to the nearest beach, marinas, and waterfront tiki style restaurants and less than a 5 minute drive to get groceries! Want to know more? Call, text or set up a showing today! One or more photo(s) has been virtually staged to help showcase the intended use and true potential of spaces in the home. This home is listed for less than the current amount owed and is a "previously analyzed" but "yet to be approved" Short Sale. Offers will need to be submitted to the bank for approval and acceptance. Closing may require 45 or more days. Solar panel contract must be assumed by Buyer with prepayment and buyout opportunities available. All information is deemed reliable, measurements are approximate, buyer to verify all prior to closing.
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.
