Welcome to this beautifully maintained 4-bedroom, 2-bath, 2-car garage home located in the highly desirable Oak Grove community in Lutz! This move-in ready home offers exceptional value with NO CDD and a low annual HOA of just $245. From the moment you arrive, you’ll appreciate the outstanding curb appeal, highlighted by fresh exterior paint (2025) and well-maintained landscaping that reflects true pride of ownership. Step inside to discover a bright, open floor plan with vaulted ceilings and fresh interior paint (2025/2026). The home features new laminate flooring throughout the main living areas and bedrooms, creating a warm, cohesive feel. The updated kitchen (2021) is designed for both functionality and style, offering: Solid wood cabinetry, Granite countertops with ample workspace, Stainless steel appliances, a Breakfast nook, and a Breakfast bar overlooking the family room. The layout includes a split-bedroom floor plan for added privacy. The spacious primary suite features vaulted ceilings, charming window seating, and an en-suite bath with: Dual sinks, Garden tub, Renovated glass-enclosed shower, and a separate water closet. Three additional bedrooms provide flexibility for guests, family, or a home office—one located at the front of the home with double doors, ideal for a den or workspace. Step outside to your large covered and screened lanai, perfect for relaxing or entertaining. The fully fenced backyard is a true highlight, featuring mature avocado and mango trees, along with pineapple plants—your own private tropical retreat! Major updates include: Roof (2019), Rheem high-efficiency A/C (2020, up to 20 SEER), Water heater (2020), Lanai screens (2026), and Interior & exterior paint (2025–2026). Conveniently located near Denham Oaks Elementary, with nearby bus stops for middle and high school. Enjoy quick access to shopping, dining, and entertainment, including Costco, Tampa Premium Outlets, Wiregrass Mall, SR-54, and I-75. This home truly has it all—condition, upgrades, location, and value. Schedule your private showing today!
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.
