Do not miss this amazing opportunity to live in one of the most coveted and serene, gated communities in Land O' Lakes! Homes in this very exclusive maintenance - free community of Huntington Ridge do not enter the market very often. This gorgeous three bedroom, two and a half bath, 1,802 square foot townhome is a must see! It has been meticulously cared for and maintained, so moving in will be an absolute breeze. Once you step inside this incredible home, with its wide open layout, spectacularly high ceilings and spacious great room combination, you won't even realize you're inside a townhome. The extra space off of the great room would be perfect for an office, den or play area. The gorgeous kitchen has 41 inch cabinets, shiny stainless steel appliances, beautiful granite countertops, and a bar with open views of the great room and plenty of wide open space to enjoy with loved ones. The upstairs laundry room has a full sized washer and dryer, no need to traverse stairs every day with all of the bedrooms located upstairs! There are closets galore spread throughout the home with plenty of room for storage. In addition, it has upgraded, pull down shades for your convenience on oversized windows throughout the home as well as a back porch and upstairs balcony with amazing views of the conservation area behind the property. The primary bathroom has a stand up tiled shower with a separate garden tub and two sinks. This fantastic gated community has many attractions to include a resort style swimming pool, scenic walking paths surrounded by lush, mature trees and landscaping. No need to break a sweat or the bank this summer with lawn maintenance, trash pick up, exterior maintenance, cable, sewer and yard pest control all included in the low HOA payment. This highly sought after community is zoned for top rated schools, and it is conveniently located right off of State road 54, by I-75, the Suncoast Expressway, Wiregrass mall, delicious restaurants, shopping, and entertainment all with a quick commute to Tampa.
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.
