One or more photo(s) has been virtually staged. WELCOME HOME TO WHISPERING OAKS | Discover the perfect synthesis of peace, privacy, and convenience in this meticulously maintained 2-bedroom, 2-bathroom villa located in the sought-after Ridge Manor community. Ideally positioned against the rolling greens of the golf course, this home offers over 1,200 square feet of sophisticated living space designed for both relaxation and entertaining. INTERIOR ELEGANCE | Step inside to an inviting open-concept floor plan accented by soaring ceilings and a flood of natural light that enhances the home’s airy atmosphere. The spacious living and dining areas flow seamlessly together, creating a versatile environment for hosting guests or enjoying quiet evenings. Just beyond the main living area lies the crown jewel of the home—a bright, climate-controlled sunroom. Whether you are sipping your morning coffee or winding down at sunset, this serene space offers sweeping, picturesque views of the lush fairway right in your backyard. UNMATCHED UTILITY & UPDATES | Peace of mind is standard here with a BRAND NEW ROOF just installed! Distinctive features set this property apart, including a dedicated workshop with exterior access—the ultimate haven for hobbyists, crafters, or those needing expansive storage. Practicality continues with a covered carport, ample guest parking, and dedicated space for golf cart storage, ensuring every vehicle and toy has its place. COMMUNITY & LIFESTYLE | Residents of Whispering Oaks enjoy a vibrant, connected lifestyle. The community center serves as the neighborhood heartbeat, hosting monthly events and social gatherings that foster true connection. Located just minutes from I-75, you are perfectly situated for a quick commute to Tampa or Orlando while enjoying the tranquility of the countryside. FLEXIBLE OWNERSHIP OPPORTUNITY | Your path to homeownership has never been easier. Attractive Rent-to-Own / Lease-Purchase options are available, making this a rare opportunity to secure your dream home on your terms. Do not miss this Ridge Manor gem. Whether you are seeking a full-time residence or an effortless seasonal retreat, this villa offers Florida living at its finest. Schedule your private tour 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.
