Spacious Villa with Possible 3rd Bedroom! Looking for room to spread out? This roomy 2,063 sq ft villa offers a light and airy split floor plan with plenty of living space and storage. A versatile den with built-in bookshelves, cabinets, and pocket doors could easily serve as a third bedroom or home office. You'll love the flow of this home—from the formal living and dining rooms to the cozy family room and large kitchen featuring a breakfast bar, pantry, dry bar, and plenty of cabinetry. The eat-in kitchen nook is perfect for morning coffee or casual dining. The primary suite is tucked away for privacy, and the second bedroom and bath offer comfortable accommodations for guests. The laundry room is loaded with storage, including two large closets, upper cabinets, and a built-in ironing board. Enjoy convenience of an oversized 2-car garage with a separate storage room, garage door screens, and a floored attic for even more storage. Step out to your sweet patio, a lovely spot for morning coffee or evening relaxation. The Nature Coast boasts world class recreation like diving, fishing, kayaking and much more! If you need a bit more hustle and bustle, this home is an easy drive ti the Suncoast Parkway that puts both Tampa and Orlando at your fingertips! Come take a look and bring your ideas to make this well maintained Villa your landing pad! Close
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.
