One or more photo(s) has been virtually staged. 3 BEDROOMS + OFFICE || 2 BATHROOMS || 2-CAR GARAGE + SCREEN-ENCLOSED POOL WITH SOLAR HEATER || JUST OVER THIRD OF AN ACRE LOT Located inside the GATED COMMUNITY OF PRISTINE PLACE, this POOL HOME offers a layout that simply works. There's room to spread out, space for daily life, and updates that take the pressure off future projects. Inside, you'll find FORMAL LIVING AND DINING AREAS, a comfortable FAMILY ROOM WITH A GAS FIREPLACE, and a casual DINETTE that keeps everything connected without feeling open to the point of echoing. Need a little extra flexibility?? A DEDICATED OFFICE/FLEX SPACE fits easily into everyday routines, whether you work from home or just want a quiet spot. Both guest bedrooms include WALK-IN CLOSETS, a detail that's always appreciated. The KITCHEN WAS UPDATED ABOUT FOUR YEARS AGO and sits right where you want it — open to the main living areas and easy to live with day to day. Love pool time without the upkeep?? Out back, the SCREEN-ENCLOSED POOL AND LARGE LANAI give you space to relax, entertain, or just enjoy being outside. A SOLAR POOL HEATER helps extend the swim season, and the POOL FINISH WAS UPDATED IN 2018, so it's ready to be enjoyed. BIG-TICKET UPDATES COMPLETED IN 2018 NEW ROOF + NEW AC SYSTEM + NEW APPLIANCES +FRESH PAINT + NEW POOL FINISH Additional features include a SPRINKLER SYSTEM and a 2-CAR GARAGE that handles everyday storage with ease. Pristine Place is a LOW HOA, NO CDD, NO FLOOD ZONE community with a GATED ENTRANCE, CLUBHOUSE WITH POOL AND FITNESS CENTER, plus TENNIS AND BASKETBALL COURTS. Spring Hill is known for its LARGER LOTS AND EASIER PACE, giving you room to breathe without feeling disconnected. You're close to shopping and daily essentials, just minutes from the WEEKI WACHEE RIVER and HERNANDO BEACH WITH GULF ACCESS, and still within reach of CLEARWATER, ST. PETE, TAMPA, AND ORLANDO when you want beaches, dining, or events.
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.
