NEW ROOF WITH TRANSFERABLE WARRANTY TO BE INSTALLED PRIOR TO CLOSING. Have you been searching for an attractive and comfortable home in a great location? Looking for a place with plenty of space and all the right features? This welcoming 4-bedroom, 2-bathroom home has what you’re after. With a spacious and open living and dining area, there’s lots of room to relax with family or friends. The well-appointed kitchen and dinette area boasts wood cabinetry, granite countertops and stainless steel appliances as well as a breakfast bar for more casual dining & entertaining. Natural light fills the home, and the high ceilings add to the roomy feel. The desirable floorplan offers a 3-way split for the 4 bedrooms, making it convenient for accommodating guests as well as family. Travertine tile floors are located in the kitchen, entry and bathrooms and wood laminate flooring is located in all bedrooms, living room and dining room. The two-car garage offers plenty of room for your vehicles or recreational toys, with additional storage in the attic above the garage. This home is located within the well-maintained, centrally located Palm Harbor community of Countryside Palms. You’ll be close to shopping, dining, and can easily get to local beaches (6.8 miles to Honeymoon Island State Park and Beach) or either of two airports --Tampa International (15 miles) or St. Pete/Clearwater Airport (11.8 miles). Located in a non-flood zone - High and Dry! Additionally, the Fred Marquis Pinellas Trail is close by for biking, jogging or skating! Ready for you to make this great house your home? Come see it for yourself!
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.
