Welcome home to this beautifully maintained cul-de-sac property located in the desirable Sugar Mill Lakes community. This move-in ready home offers 3 bedrooms, 2 bathrooms, and a spacious den/flex room—perfect for a home office, playroom, or additional living space to fit your needs. This home showcases an open-concept design ideal for entertaining, featuring 42” cabinetry with crown molding, granite countertops, stainless steel appliances, an island breakfast bar, and a walk-in pantry. The kitchen, dining, and living areas blend seamlessly while maintaining character with details such as a coffered ceiling in the great room. The private primary ensuite is designed for comfort and relaxation, featuring a Roman shower, dual sinks, and a large walk-in closet. Step outside to enjoy casual BBQs and gatherings on the screened, paver-brick lanai and patio. Additional features include a 2-car garage with epoxy/clear coat flooring and space for a small workshop, a Rain Bird multi-zone irrigation system, and whole-house steel storm panels for added protection. Recent updates provide peace of mind, including a new roof (March 2025), fresh interior paint (2026), fresh exterior paint (2026), and a newly screened lanai with extended pavers. Enjoy the benefits of a quiet community with no drive-through traffic, a newly installed playground, and exciting additions coming soon including tennis, pickleball, and basketball courts. Plus, this is a NO CDD community with low HOA fees. Whether you're looking to grow your family or downsize without sacrificing space and comfort, this versatile home is designed to fit a variety of lifestyles. Embrace the Florida lifestyle with convenient access to I-75, US HWY 41/301, and I-275—putting St. Pete, Sarasota, and stunning Gulf Coast beaches all within easy reach. With motivated sellers, don’t miss this opportunity—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.
