Welcome home to this spacious 5-bedroom, 3-bath home plus a dedicated office / den / or playroom, perfectly positioned on a tranquil pond with serene water views. Newly built in 2022, this home features freshly updated exterior paint in Sherwin Williams Alabaster offering timeless curb appeal and thoughtful upgrades throughout. Designed for flexibility and comfort, the versatile office/den features vintage doors, making it ideal for a home office, playroom, or home gym. The heart of the home showcases an upgraded kitchen with granite countertops, a custom backsplash, stainless steel appliances, and a large pantry with custom shelving. The first floor includes a generously sized bedroom with a full bath just steps away, perfect for guests or multigenerational living. Upstairs, you’ll find the primary bedroom (with an attached ensuite featuring a double sink vanity and TWO walk-in closets) and 3 additional bedrooms along with a bonus loft area—a flexible space well-suited for a playroom, homework hub, additional seating area, or gaming loft. With ample storage and a well-designed layout, this home comfortably accommodates growing or large families. Step outside to a fully enclosed backyard with a wrought iron fence, offering peace of mind while preserving picturesque pond views—ideal for pets, play, or relaxing evenings outdoors. Located in the highly desirable Union Park community, residents enjoy resort-style amenities including multiple community pools, scenic walking trails, playgrounds, a dog park, fitness center, sports field, splash pad, picnic pavilions, outdoor fitness stations, and a cozy fire pit. The low HOA fee includes Spectrum high-speed internet and cable. Conveniently located near top-rated schools, The Shops at Wiregrass, Tampa Premium Outlets, major hospitals including AdventHealth, BayCare, Moffitt, and the VA, plus a wide array of dining and entertainment options. Easy access to I-75 and I-4 puts all of Tampa Bay within a quick drive!
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.
