Welcome to 31015 Parrot Reef Ct, a beautifully upgraded and meticulously maintained home in Epperson, perfectly positioned on an oversized pond lot with peaceful water views and exceptional outdoor living. Offering over 3,000 square feet, this spacious residence features six bedrooms, four and a half bathrooms, and a versatile upstairs loft that can easily function as a media room, playroom, or additional lounge space. The entire home is finished with luxury vinyl plank flooring, creating a clean, cohesive look with no carpet throughout, both stylish and practical for everyday living. The floor plan is designed for flexibility and comfort, with generous living areas, well-proportioned bedrooms, and plenty of room to spread out. Whether you need space for guests, a home office setup, or multi-generational living, this layout delivers. Step outside to a true backyard retreat. The expansive pool deck surrounds a sparkling in-ground saltwater pool and spa, creating the perfect setting for relaxing or entertaining. A gazebo adds charm and shaded comfort, while the fully fenced yard provides privacy and functionality. The upgraded landscaping and lush lawn further enhance the outdoor space, giving it a polished, resort-inspired feel. Additional features include pre-installed footers for a future screened enclosure and a pool that is already pre-plumbed for a heater, offering an easy path for future enhancements. This home offers the ideal combination of size, thoughtful upgrades, and a premium lot in one of Wesley Chapel’s most desirable communities. Enjoy the lifestyle that Epperson is known for, with its resort-style amenities and vibrant atmosphere, all while coming home to a property that truly stands out. Residents enjoy exclusive access to the renowned Epperson Lagoon, featuring a stunning crystal-clear lagoon with sandy beach ambiance, cabana rentals, a swim-up bar, and year-round activities such as kayaking, paddle boarding, and community events. The neighborhood is golf-cart friendly and offers multiple parks, playgrounds, dog parks, and the beautiful lake house at Eagle Park, available for resident use and private events. Conveniently located with easy interstate access, this home is just minutes from Tampa Premium Outlets, The Groves, and The Krates, and within an easy drive to Florida’s world-class beaches and Orlando attractions. Residents will appreciate the variety of nearby public, charter, and private school options, including Innovation Preparatory Academy, Kirkland Ranch Academy, and highly regarded Wesley Chapel schools. This is your opportunity to enjoy resort-style living in one of Wesley Chapel’s most desirable communities— Schedule your private showing today and experience the lifestyle you deserve! **Buyer may be eligible to receive closing cost credit through preferred lender.**
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.
