2.8% Rate Assumable FHA with ROAM! Welcome to 35605 Stella Vast Dr, a rare 5-bedroom, 3-bath home offering the perfect blend of space, privacy, and scenic views. Situated on a premium lot with conservation area and tranquil pond views, this home delivers the lifestyle today’s buyers are searching for, no rear neighbours, peaceful surroundings, and room for everyone. Step inside to a bright, open layout ideal for both everyday living and entertaining. With five generously sized bedrooms, this home is perfect for large families, multigenerational living, or those needing a home office or flex space. The backyard is a true highlight, enjoy sunsets over the water, nature views, and the privacy that only a conservation lot can provide. Why this home is such a great deal: • 5 bedrooms at this price point is rare • Lake view + conservation lot = premium features without the premium price • Ideal for buyers seeking space, privacy, and long-term value • Strong appeal for primary residence or future resale Enjoy access to community amenities such as walking trails, playgrounds, green spaces, and recreational areas, perfect for active lifestyles and families. Prime Location – Close to Everything: • Minutes from The Shops at Wiregrass, Tampa Premium Outlets, and Grove at Wesley Chapel • Nearby dining favorites include Texas Roadhouse, Noble Crust, GrillSmith, First Watch, and KRATE at the Grove • Easy access to US-301 and I-75 for a smooth commute to Tampa, Wesley Chapel, and surrounding areas • Close to parks, golf courses, medical centers, and top-rated schools Homes with this much space, a pond view, and no rear neighbours do not last long. Whether you’re upgrading, relocating, or searching for exceptional value, this home checks all the boxes.
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.
