One or more photo(s) has been virtually staged. Seize a rare opportunity to secure an ASSUMABLE 2.75% interest rate on this unique, true 3-bedroom, 2.5-bath townhome—the ONLY 3-bedroom END UNIT available in this intimate, highly desirable community of just 39 primarily owner-occupied residences. Step inside to an open floor plan where natural light floods through, highlighting the dramatic vaulted ceilings in both the living room and the conveniently located first-floor primary bedroom. The updated kitchen is a chef's delight, boasting sleek stainless steel appliances, a large peninsula with a breakfast bar, and specialized, high-efficiency cabinetry featuring a lazy susan, hidden rolling trash receptacle, elliptical pull-out shelving, and double drawers. Enjoy morning coffee in the dedicated dinette area or retreat to the all-weather sunroom with enclosed windows, offering year-round enjoyment. The living, dining and kitchen areas feature premium NuCore luxury plank vinyl flooring. The spacious primary bedroom features dual closets and an ensuite with a soaking tub and separate shower. Upstairs (the stairs have been recently refinished in oak), find two generously sized bedrooms with newly installed premium water and scratch-resistant Pergo flooring, a walk-in closet, a linen closet, and a full bath. This pet-friendly neighborhood with a community pool is perfectly situated with easy access to US 19 and Belcher Road, making commuting a breeze and putting the vibrant scenes of Tarpon Springs, Dunedin, and stunning local beaches just minutes away. Don't miss your chance to make this exceptional home yours!
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.
