One or more photo(s) has been virtually staged. 22836 Marsh Wren Dr, Land O Lakes, FL 34639 is a 3 bedroom, 2 bathroom single family home in the Sable Ridge area with 1,330 square feet, a 5,749 square foot lot, an attached 2 car garage, public water, public sewer, central air, forced air heat, and a low HOA reported at $47 monthly. This is a true fix and flip opportunity in a neighborhood that already has buyer demand, which matters because the value here is not in changing the layout but in improving presentation and finishes around a floor plan that already works. The home features an open living and dining setup, a split bedroom design, an eat in kitchen, and a fenced backyard, giving the next owner a solid structure to work with instead of a project that needs complete reconfiguration. That is a major advantage for an investor, cash buyer, or renovation minded purchaser looking for a Land O Lakes property where the path to added value is easier to see. Buyers searching online for a Land O Lakes fixer upper, a Sable Ridge investment property, a 3 bedroom 2 bathroom home near I 75, or a single family home with garage and fenced yard in Pasco County are usually looking for this exact combination of location, layout, and upside. The community continues to attract attention because of convenient access to shopping, dining, schools, parks, commuter routes, and the broader growth throughout Land O Lakes and nearby Wesley Chapel. This home is not being marketed as the most updated property in the neighborhood. It is being marketed as the one with the clearer renovation angle for the buyer who wants to build value through flooring, kitchen updates, bathroom updates, paint, and general finish improvements while starting with a practical footprint in a well known community. For buyers and investors looking for a Florida fix and flip home, a Land O Lakes rehab opportunity, or a Sable Ridge home with renovation potential and resale upside, 22836 Marsh Wren Dr checks the boxes that matter. SOME PHOTOS HAVE BEEN VIRTUALLY EDITED.
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.
