Welcome to this stunning single-story residence, in the prestigious gated community of The Ridge at Wiregrass. This meticulously designed, 3,186-square-foot home features three spacious bedrooms, three and a half baths and a versatile bonus room, all complemented by a split three-car side-entry garage. Upon entering, your eyes are immediately drawn through the home to the expansive views of the lush, oversized yard and serene conservation greenery beyond. Designed for sophisticated entertaining and effortless daily living, the open-concept floor plan centers around a grand great room and an expansive chef’s kitchen. This culinary space is appointed with crisp white cabinetry, quartz countertops, a new refrigerator, stainless appliances, gas top range, coffee bar area and seamless access to the dining room and a dedicated wet bar. The primary suite serves as a private sanctuary, boasting dual walk-in closets and a spa-like bath complete with double sinks, a vanity area, a soaking tub and a large walk-in shower. Two additional en-suite bedrooms provide comfort for guests, while a flexible flex room, featuring its private entrance through the single-car garage, offers an ideal solution for a fourth bedroom, media center or multigenerational living. Go outside to your covered patio to enjoy ultimate privacy on this large conservation lot, ideally complemented by the sustainability of home solar energy. Residents of The Ridge enjoy world-class amenities, including a 24-hour guarded gate, a resort-style beach-entry pool, a separate lap pool and exciting water slides. The community also features professional indoor and outdoor sports courts, a state-of-the-art fitness center, a catering kitchen and a party pavilion. For ultimate peace of mind, the HOA fee includes comprehensive lawn maintenance such as mowing, fertilizing, trimming and pest control, ensuring a vacation-year-round experience. Ideally situated, this home is just minutes from top-rated schools, hospitals, and premier destinations like the Wiregrass Mall and Tampa Premium Outlets, with Florida’s iconic beaches and professional sporting arenas only a short drive away.
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.
