NEW 2024 ROOF (TRANSFERABLE WARRANTY) • WATERFALL GRANITE ISLAND • MARBLE SPA BATHS • TANKLESS HOT WATER • TRANE A/C (2021) •THERMOSTATE CONTROLLED GABLE ATTIC FANS • FULLY FENCED YARD • 12-FT BOAT/CAMPER GATE • CUSTOM LUXURY REMODEL Absolutely stunning, custom-remodeled home showcasing exceptional craftsmanship, premium materials, and meticulous attention to detail throughout. The home welcomes you with a single-entry door with sidelights, Baldwin front door lockset, Andersen storm door with retractable screen, and a covered front porch featuring a wood tongue-and-groove ceiling with recessed lighting. Outdoors, the FULLY FENCED YARD offers a concrete slab patio, a 12-FOOT DOUBLE GATE FOR BOAT OR CAMPER ACCESS, and mature landscaping including a Barbados cherry tree and royal palm in the backyard, plus a foxtail palm and camphor tree in the front. Major system upgrades include a NEW ROOF INSTALLED JANUARY 2024 (TITAN 30-YEAR TRANSFERABLE WARRANTY), TRANE A/C SYSTEM WITH HEAT PUMP (2021), STIEBEL ELTRON TANKLESS HOT WATER HEATER, and a NEW RHEEM WATER SOFTENER (2025). THERMOSTATE CONTROLLED GABLE ATTIC FANS. The oversized two-car garage features an insulated Clopay garage door with hurricane bars, CHAMBERLAIN MYQ OPENER WITH BATTERY BACKUP, Frontier Communications readiness, and a NEW 200-AMP SQUARE D ELECTRICAL PANEL WITH ARC-FAULT BREAKERS. Interior finishes include oversized polished porcelain tile flooring with marble transitions, ornate fluted “Mannor House” style wall and door trim, and 5-inch baseboards throughout. The DESIGNER KITCHEN AND MINI BAR offer solid wood soft-close cabinetry, GE wall oven, Whirlpool/IKEA wall microwave, LG COOKTOP IN CENTER ISLAND WITH GLASS EXHAUST, Samsung Bespoke Collection French-door refrigerator and dishwasher, Vigo deep single-bowl sink with brushed-nickel fixture, Grohe in-counter soap dispenser, disposal pre-wire with wall switch, BLUE DUNES GRANITE COUNTERTOPS WITH WATERFALL ISLAND EDGES, custom lighted display cabinetry, USB outlets, island pendant lighting, an oversized pantry with lighting and outlet, a built-in desk area with granite top, and a Hisense mini refrigerator (140-can capacity). The indoor laundry room features white shaker cabinetry, butcher-block folding counter with satin urethane finish, SAMSUNG STEAM WASHER AND DRYER, and a clothing bar. The PRIMARY BATH retreat includes an oversized non-jetted Jacuzzi soaking tub, MOEN BANBURY ROMAN FIXTURES, matching Moen Banbury sink fixture, toilet, mirror, and accessories, additional Kohler toilet, polished porcelain tile with marble pencil accents, recessed lighting, and BROAN ULTRA-QUIET EXHAUST FAN. The MASTER EN SUITE BATH features FLOOR-TO-CEILING POLISHED MARBLE, Moen Boardwalk sink and Delta shower wand fixtures in brushed nickel, Moen Boardwalk accessories, KOHLER MEMOIRS PEDESTAL SINK AND TOILET, custom glass shower door, and a shower exhaust fan with integrated light and night light. Patio sliding doors with built-in mini blinds complete the indoor-outdoor flow. Roof was completed through the IGRENE (PACE) PROGRAM AND WILL BE PAID IN FULL AT CLOSING; 2025 TAXES EXCLUDING ROOF ASSESSMENT APPROX. $736 (roof assessment $2,520.55). Ideally located approximately 35 MINUTES TO TAMPA INTERNATIONAL AIRPORT, minutes to shopping and dining, and a short drive to Tarpon Springs, parks, and Gulf beaches, this exceptional home offers a refined, MOVE-IN-READY FLORIDA LIFESTYLE.
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.
