Welcome to 3435 Castle Stone Ct, a 3-bedroom, 2.5-bath end-unit townhome in Kings Mill, a gated townhome community in Valrico with a pool. With 1,408 square feet, a new roof in 2025, Flood Zone X designation with no required flood insurance, no CDD fees, and a $400/month HOA that includes exterior maintenance, water, sewer, and community pool access, this home offers a strong value in a convenient suburban Tampa location. Meticulously maintained, carefully cared for, and thoughtfully refreshed, the home is move-in ready with updates that are easy to see. Fresh interior paint, new plush carpet, updated light fixtures, and updated ceiling fans create a clean, comfortable feel throughout. The kitchen features warm maple cabinetry, granite countertops, a composite sink, a pantry, and an additional storage closet for everyday organization. The floor plan is practical and well suited for everyday living, with the main living areas downstairs and all bedrooms located upstairs. The upstairs laundry space adds convenience, and the washer and dryer are included. With 3 bedrooms and 2.5 baths, the layout offers useful separation between shared living areas and private rooms. As an end unit, the home benefits from extra windows, more natural light, added green space, and a more open feel than many interior townhomes. Sliding glass doors lead to a private patio, creating an easy outdoor extension for morning coffee, quiet evenings, or a small seating area. The home is also set on one of the more spacious lots in the community, adding to its sense of privacy and outdoor usability. Key practical updates and ownership details include a new roof in 2025, a water heater replaced in 2016, a new dishwasher, Flood Zone X designation with no required flood insurance, no CDD fees, and a $400/month HOA that includes exterior maintenance, water, sewer, and community pool access. These facts give buyers clear information when comparing condition, monthly costs, and long-term maintenance needs. Valrico is a well-positioned east Hillsborough County community for buyers who want suburban convenience with access to the broader Tampa Bay and Central Florida corridor. From Kings Mill, the location places you near Brandon, Plant City, Lakeland, Tampa, shopping, dining, and commuter routes, making it a practical home base for work, errands, weekends, and everyday living. Schedule your private showing to see how this refreshed end-unit townhome combines location, updates, outdoor space, and low-maintenance living in Valrico.
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.
