Come see this beautiful upgraded 4-bedroom, 2.5-bath home in the highly sought-after Watergrass community, perfectly positioned in the heart of Connected City—one of Wesley Chapel’s fastest-growing and most desirable areas. This move-in ready home offers an ideal blend of modern upgrades, privacy, and convenience, located just a short distance from Watergrass’s resort-style amenities including the pool, clubhouse, tennis courts, parks, green spaces, gym, and more—bringing everyday luxury right to your doorstep. A large covered front porch welcomes you into a bright open-concept layout featuring plantation shutters throughout the ENTIRE home, upgraded lighting, and stunning wood-grain and tile flooring downstairs. The spacious kitchen flows seamlessly into the living and dining areas, perfect for entertaining, and includes newer appliances such as a dishwasher and microwave. A versatile first-floor flex space with French doors can easily function as a home office, guest suite, formal dining area, play space, or 5th bedroom. Additional highlights include a NEW A/C (2026) with smart thermostats, professionally cleaned air vents (2026), upgraded garage flooring, and thoughtful upgrades throughout. Go outside to a screened lanai and enjoy added privacy with no front or rear neighbors—a rare find that enhances the home’s sense of tranquility. Conveniently located across the street to Watergrass Elementary School with access to multiple A-rated schools, and just minutes from everyday essentials like Chick-fil-A, Publix, and Starbucks, as well as close proximity to the iconic Epperson Lagoon for weekend fun and entertainment. Enjoy easy access to major highways, shopping, dining, and Tampa-area attractions while experiencing the best of Watergrass living in Connected City, where convenience, community, and comfort come together effortlessly. Schedule your private showing today—this one stands out from the rest!
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.
