One or more photo(s) has been virtually staged. & virtually cleaned. HUGE Price Reduction, Property is listed almost $85,000 below all comparables in the same condition. $5,000 buyers' credit to go towards cleaning, paint, small repair items and closing costs or rate buydown. Welcome to this elegant 5-bed, 3-bath home in the highly sought-after gated community of Live Oak Preserve! Built in 2004 and offering over 2,800 sq ft of living space, this beautifully maintained home combines comfort, functionality, and style. Interior Features: Step into a grand two-story foyer that opens to spacious formal living and dining areas, perfect for entertaining. The large kitchen features an island with breakfast bar, 42 inch cabinets, solid surface countertops, and overlooks the inviting family room. A convenient guest bedroom and full bath are located on the first floor. Upstairs, you’ll find four additional bedrooms and two full baths, including a luxurious primary suite with a garden tub, separate shower, and dual vanities. The home also features tile flooring throughout the main living areas, plush carpet upstairs, and an indoor laundry room for added convenience. Exterior Highlights: Situated on a serene pond-view lot, this home offers a screened patio ideal for relaxing or outdoor dining. The property also includes a spacious three-car garage and beautifully maintained landscaping. Community & Location: Live Oak Preserve offers resort-style amenities including a community pool, clubhouse, fitness center, playground, tennis and volleyball courts, and 24-hour gated security. Conveniently located near I-75 and I-275, this home is just minutes from top-rated schools, shopping, dining, and entertainment in New Tampa. Don’t miss your opportunity to own this stunning home in one of Tampa’s premier communities! Schedule your private showing today. Pictures were heavily modified to remove personal items, however the condition of the house is great. For current photos contact agent.
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.
