BACK ON THE MARKET DUE TO FINANCING, YOUR OPPORTUNITY TO MAKE THIS HOME YOURS! Images have been virtually staged for illustrative purposes. Move-In Ready! Welcome to this charming 3-bedrooms, 2-bathrooms home located in the desirable Connerton Subdivision, A Master Planned Community. As you arrive to the property, you’ll appreciate the inviting curb appeal and the large tiled front porch, the perfect spot to relax and enjoy the Florida lifestyle. Enter into the foyer with a versatile front room to your right that's ideal as a home office, formal dining room, or a flex space to fit your lifestyle. The home opens to a beautifully designed open-concept kitchen and living area, creating the perfect space for everyday living and entertaining. The well-appointed kitchen features an oversized island, granite countertops, solid dark wood cabinetry, a spacious pantry, a natural gas range and stainless steel appliances. The kitchen flows seamlessly into the casual dining area and comfortable living room with laminate flooring throughout offering a warm and connected living space. You notice the The primary suite is conveniently located to rear and offers privacy with the large walk in closet and the ensuite bath featuring: dual sinks, a spacious walk-in shower, a garden tub, and a separate water closet. Step outside to the fully fenced backyard, which provides plenty of room to add a pool, a garden, or outdoor entertaining space. Just off the garage entry, you’ll find the laundry room with washer and dryer that conveys with this purchase for added convenience. Additional upgrades include a water softener system, insulated garage door, mounted A/C unit in the garage, and overhead storage shelving. Life in Connerton offers the perfect balance of natural beauty and resort-style amenities, surrounded by miles of preserved landscapes, scenic walking and biking trails, lakes, and wetlands. Life in Connerton offers the perfect balance of natural beauty and resort-style amenities, surrounded by miles of preserved landscapes, scenic walking and biking trails, lakes, and wetlands. Residents enjoy access to exceptional community features including a resort-style pool, heated lap pool, splash park, fitness center, Connerton Café, Kidz Zone, beach volleyball, basketball and tennis & pickle ball courts, along with lots of activities for the whole family. This golf cart-friendly community also features low HOA and CDD fees, making it an ideal place to enjoy both comfort and convenience. Property within in minutes of the Suncoast Highway and Interstate 75. Schedule your private showing today and discover the vibrant lifestyle Connerton has to offer!
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.
