One or more photo(s) has been virtually staged. This stunning 2021 built single-story 4 Bedroom, 3 Bath home with a 3 car garage sits on a premium oversized 65 x 132 lot with no front yard neighbors and tranquil pond views. Located in a unique section of Connerton featuring Homes by WestBay with wider/deeper lots and larger homes, this property offers both privacy and distinction. A double door grand entryway opens to tall ceilings and elegant architectural details that immediately set a welcoming and upscale tone. At the heart of the home, the expansive kitchen overlooks both the great room and the backyard, creating a perfect space for everyday living and entertaining. The kitchen is beautifully appointed with GE Café Series appliances, a double oven, gas cooktop, tiled backsplash, quartz countertops, 42 inch cabinetry, a walk in pantry, and an expansive island with front storage cabinetry and a double sided breakfast bar. The triple split floor plan offers exceptional privacy, with the luxurious primary suite tucked away and featuring dual walk in closets and a spa inspired en suite bath with quartz countertops, dual vanities, and a spacious walk in tile and glass shower. Two secondary bedrooms and a full bath are located off the foyer, while a fourth bedroom with an additional full bath is privately situated beyond the laundry room, making it ideal for guests or multigenerational living. Additional highlights include a large rear covered patio perfect for outdoor relaxation, eight foot doors throughout the home, a natural gas tankless water heater, gas dryer hookup, gas cooktop, and a patio that is plumbed for a natural gas grill. The home is equipped with an alarm system, an Ecobee thermostat, and epoxy finished garage flooring. The exterior of the home showcases brand new St. Augustine sod with fresh landscaping, enhancing its curb appeal. Connerton is one of Tampa Bay’s most desirable master planned communities and offers top rated schools, resort style pools with water slides, sports courts, a clubhouse, coffee shop, fitness center, playgrounds, parks, multi use paths, and miles of scenic nature trails. All of this is enjoyed with a low HOA fee of just $261 per quarter, making this exceptional home an outstanding opportunity for luxury living and an active lifestyle. Book your private showing today before this one is SOLD!
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.
