Discover effortless Florida living in this beautifully maintained villa, featuring a brand new roof and brand new hot water heater for complete peace of mind. The majority of the stylish furniture and select artwork can convey at closing—simply unpack and start enjoying your new home! This thoughtful split-bedroom floor plan offers two spacious bedrooms, each with its own private ensuite bathroom and generous closet space for ultimate privacy and comfort. The heart of the home is a chef’s dream kitchen boasting large granite countertops, solid wood custom cabinets, a stainless steel refrigerator, glass cooktop, built-in double oven, dishwasher, and more. Ample seating at the breakfast bar overlooks the dining and living areas, with serene views extending into the Florida room. Just steps away, a large laundry room comes equipped with an energy-efficient washer and dryer, custom cabinetry, and a high-end utility sink. All windows are dressed in elegant plantation shutters, letting you easily control the perfect amount of natural light. Enjoy indoor-outdoor living with two private outdoor seating areas. The serene front covered porch is surrounded by flowering shrubs and a stunning hibiscus in full bloom, framed by a tall palm tree that reminds you daily you’re living in paradise. Just off the Florida room, the peaceful back patio offers tranquil views of a nearby pond dotted with water lilies. The oversized garage is a true standout for hobbyists or storage needs, complete with floor-to-ceiling custom cabinetry, electrical outlets for tool charging, plus a refrigerator and deep freezer that stay with the home! Nestled in Sun City Center—Florida’s premier 55+ active adult community (recently voted #1 Retirement Community by Travel + Leisure)—you’ll love the resort-style amenities. Multiple fitness centers, pools, tennis and pickleball courts, nearly 200 clubs, golf courses, and more are all part of this self-contained village with shopping, dining, medical facilities, and professional services right at your doorstep. Conveniently located near major highways, you’re just a short drive from world-famous beaches and vibrant cities including Tampa, St. Petersburg, Sarasota, and Clearwater. From cultural museums and art scenes to sunny Gulf Coast shores, everything Florida has to offer is within easy reach. What’s not to love about this ready-to-enjoy villa in paradise? 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.
