CLEAN 4pt INSPECTION, NO SUPRISES HERE! Highly sought after Seminole Heights location! Walking distance to restaurants and coffee shops and a quite neighborhood that you can have your evening strolls in. Hillsborough River only 1 1/2 Blocks away but you are high and dry, no Flood Insurance required. Henry and Ola Park 4 Blocks for your enjoyment, airport 15 mins and downtown 12mins. This thoughtfully upgraded corner-lot home blends quality craftsmanship with functional luxury. Improvements are abundant and include, all 3 bedrooms with new carpet Feb/26. Water Softener 2024, two A/C units (one replaced in 2023), NEW ROOF 2023, irrigation system, full fenced in back yard, washer and dryer only a couple years old, new custom hood vent, hidden picture frame spice cabinet above coffee bar, custom built dry bar, media wall unit with storage, 2nd bedroom with clever murphy bookcase/door. Sunroom includes built-in Storage and a bench seat with shoe storage. Both bathrooms have separate tub and showers and new vanities and light fixtures. Upstairs primary bedroom offers a fully custom closet system with drawers, hanging space and expansive shoe storage. Outdoor space is amazing and a true highlight of this beautiful home with a 24 x 14 balcony (2024) featuring a waterproof system that creates a fully covered 11 ft tall, screened enclosure below (2026). Covered area includes a built-in golf simulator setup (impact screen, turf, padding, side curtains, and power ready for a projector). 10 x 10 storage shed, Termite warranty, Ring camera with 5 cameras and 2 security lights. This truly is a move in ready home.
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.
