"Welcome to the highly desirable community of Watergrass in Wesley Chapel, where charm, space, and convenience come together! From the moment you arrive, the charming front porch welcomes you into a house that feels like home. This meticulously maintained two-story home offers 4 spacious bedrooms PLUS A DEDICATED OFFICE/FLEX SPACE, 3 full bathrooms, and a 2-car garage, providing incredible functionality for modern living. Thoughtfully designed, the FIRST FLOOR FEATURES A PRIVATE BEDROOM AND FULL BATHROOM, IDEAL FOR GUESTS, MULTIGENERATIONAL LIVING, OR A QUIET WORKSPACE. The open concept layout creates seamless flow from the living room to the dining area and into the kitchen for easy entertaining. Upstairs provides separation with a MASSIVE BONUS ROOM/LOFT that offers unlimited possibilities; media room, playroom, lounge area, second office, home gym, or additional home office. THE FLEXIBILITY IN THIS FLOOR PLAN IS TRULY A STANDOUT FEATURE. The primary suite provides generous space, abundant natural light, dual vanities, spacious linen closet, and a large walk-in closet. Secondary bedrooms are spacious and thoughtfully positioned for comfort and privacy. Every inch of this home reflects pride of ownership and OFFERS ROOM TO GROW. Step outside and enjoy the FULLY FENCED BACKYARD space and SCREENED COVERED LANAI. With a playground across the street for convenience, this home delivers it all! Living in Watergrass means enjoying a vibrant, lively community with resort-style amenities, scenic walking paths, and neighborhood feeling everyone is looking for. The area continues to thrive with exciting growth and new development. Just minutes away there is a brand-new Chick-fil-A, Wendy’s and Chipotle (coming soon), and the latest Publix featuring an indoor dining area, along with additional shopping, dining, and conveniences being added regularly. Located near major highways including I-75, commuting is effortless while still enjoying the charm of a well-established community. Close to Wiregrass Mall, Tampa Premium Outlets, The Grove, TOP-RATED SCHOOLS, hospitals, and everything Wesley Chapel has to offer. This is the perfect opportunity to own a spacious, move-in ready home in one of Wesley Chapel’s fastest growing and most connected areas. Watergrass living offers community, convenience, and LONG-TERM VALUE ALL WRAPPED INTO ONE BEAUTIFUL PLACE TO CALL HOME."
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.
