1.49 fully fenced acres, AS-1 zoning, no HOA, and a solar-powered automatic gated entry; this is the property for the buyer who needs land, privacy, and real utility without starting from scratch. The 1,905 sq ft brick and block ranch offers three bedrooms, two bathrooms, and a layout that lives larger than it reads. The open kitchen is the heart of the home featuring a generous bar with seating, shaker cabinetry, stainless appliances, and pendant lighting that strikes the right balance between farmhouse character and everyday function. The kitchen flows naturally into the dining area and main living space, while a front flex room adds options for a home office, second living area, or fourth sleeping space. Original character details throughout remind you this home was built to last. Major systems are already handled: new roof (2020), 5-ton HVAC (2023), updated electrical panel, and waterproof LVP flooring throughout the main living areas. The guest bathroom was tastefully updated with a modern vanity, subway tile surround, and black hardware. Brick and block construction means solid walls and quiet rooms. Outside is where this property separates itself. A screened rear patio extends your living space into the Florida air. The detached block workshop has power and water ready for tools, a side business, or serious hobbyist use. The pole barn provides open storage for equipment, hay, or animals. AS-1 zoning permits horses, livestock, chickens, and agricultural use, the land is fenced, usable, and ready. Located in Flood Zone X — no flood insurance required. Convenient access to SR-60 puts you minutes from Valrico, Brandon, and the Tampa metro to the west, or headed east toward Lakeland with ease. Under an hour to downtown Tampa or Orlando. The space is here. The infrastructure is here. The only thing missing is you.
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.
