Tucked in the highly sought-after Bayshore Beautiful neighborhood, this timeless 4BR/4BA + office Colonial-style home with a stately columned entry blends classic elegance with everyday comfort. From the moment you step inside, imported Italian marble floors set the tone—beautifully reflecting the glow of a stunning crystal chandelier. Thoughtful architectural details like crown molding, wainscoting, and inlaid hardwood floors add warmth and sophistication throughout. Built by renowned builder John Sample, this custom residence showcases quality craftsmanship and enduring value. Natural light pours in through expansive 6-foot custom windows, creating a bright and inviting atmosphere across the main living spaces. The well-appointed kitchen features wood cabinetry, stainless steel appliances, and Silestone countertops, and flows seamlessly into the formal dining room, family room, and a versatile office or flex space with a full bath—ideal for guests or a home workspace. Just beyond, a cheerful enclosed sunroom offers the perfect spot to enjoy your morning coffee or unwind at the end of the day. Recent upgrades include two brand-new HVAC systems, offering peace of mind and enhanced efficiency for years to come. Upstairs, the primary suite features an ensuite bath, along with two secondary bedrooms connected by a Jack-and-Jill bathroom. One of the home’s standout features is the abundance of hidden storage throughout the bedrooms—thoughtfully integrated to maximize usability while maintaining clean, uncluttered spaces. A private fourth bedroom with its own ensuite bath—located just off the kitchen staircase—overlooks the expansive green space beyond the backyard, offering flexibility for guests, extended family, or a quiet retreat. Don’t let the front façade fool you—this home includes a hidden rear-entry garage for added convenience and curb appeal. The backyard opens to a large field owned by Bayshore Christian; the rear fence provides gate access—creating a rare opportunity to kick around a soccer ball or enjoy an extended outdoor space that feels like your own. Less than a 10-minute walk to local favorite Himes Breakfast House, .3 miles to Publix, around the corner from the Selmon Expressway on-ramp, and you can even catch a glimpse of Bayshore from the front yard—the best of all worlds! Make sure to check out the virtual walkthrough and floor plan!
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.
