Welcome to this magnificent, beautifully maintained M/I built 4-bedroom, 2-bath home located in the highly sought-after Ballantrae community, perfectly situated on a private conservation lot. Offering 1,825 square feet of living space plus a 2-car garage, this home is designed with both comfort and style in mind, featuring a spacious open-concept floor plan ideal for everyday living and effortless entertaining. As you enter, you’ll appreciate the versatile front bonus space—perfect for a formal living and dining area, playroom, home office, or study, tailored to fit your family’s needs. Laminate flooring flows throughout the formal living, dining, primary suite, guest bedrooms, and family room. Tile in foyer, kitchen, and breakfast area, creating a warm and inviting feel. The updated kitchen is a true centerpiece, showcasing solid wood cabinetry, subway tile backsplash, and stainless-steel appliances. A large breakfast bar opens to the dining and family room, making gatherings seamless and enjoyable. The spacious family room opens through sliding doors to a luxurious backyard retreat, fully fenced with a PVC fence. Step outside and unwind in your own private oasis featuring a stunning covered screened patio, a tranquil fountain, and even an outdoor shower, creating a peaceful, spa-like setting perfect for relaxing mornings or hosting evening get-togethers. The oversized primary suite offers a serene escape with a large walk-in closet and en-suite bath featuring dual vanities, a garden tub, and a walk-in shower. Three additional bedrooms provide flexibility for guests, family, or an additional home office. Recent upgrades include fresh interior paint (2025), a new A/C (2020), and Roof 2023. Ballantrae residents enjoy resort-style amenities including a clubhouse, pool, tennis courts, playground, and scenic walking trails, all conveniently located near shopping, dining, and medical facilities. AdventHealth ER and Trinity Medical Hospital are just minutes away, and easy access to the Suncoast Parkway provides a smooth commute to Tampa International Airport, Downtown Tampa, Riverwalk, Armature Works, Channelside, major sports venues, and the beautiful Gulf Coast beaches. Don’t miss your chance to own this exceptional home—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.
