Space, style, and thoughtful upgrades come together beautifully in this Heron Creek home in Palmetto. Featuring 3 bedrooms, a dedicated home office, a versatile flex space, a 3-car garage, and a NEW roof (2025), this home offers the layout, flexibility, and upgrades today’s buyers are looking for. As you arrive, the paver driveway, inviting front porch, and elegant glass front door create a warm first impression. Inside, the open living and dining areas provide a comfortable place to gather and unwind, enhanced by tile flooring, crown molding, and a stylish accent wall that adds character to the space. The upgraded gourmet kitchen is designed for both beauty and function, featuring rich wood cabinetry, granite countertops, a stylish backsplash, double ovens, a pantry, and an island with a second sink, along with an additional main sink for added convenience. Whether preparing meals or hosting friends and family, this kitchen is ready to impress. At the front of the home, the private home office is ideal for working from home or creating a quiet retreat, complete with double glass doors, large windows, and crown molding. The primary suite offers a relaxing escape with an elegant tray ceiling, while the spacious en-suite bathroom includes dual sinks, a large shower, and a garden tub. The secondary bedrooms are nicely sized and share a flex space between them, perfect for a play area, reading nook, homework station, or hobby space - you can create your space. The secondary bathroom also features dual sinks, adding convenience for family or guests. Step outside to the screened lanai, a wonderful extension of the home where you can relax, dine, and enjoy Florida’s beautiful weather. The oversized lot with a large fully fenced backyard provides plenty of room for pets, play, gardening, or outdoor entertaining. Additional highlights include NO CDD and a LOW HOA, offering both peace of mind and value. Located in Palmetto, this home offers easy access to I-75 and I-275, making commutes to Tampa, St. Petersburg, and Sarasota convenient. Plus, you’re 30 minutes or less from incredible Gulf beaches, along with great shopping, dining, and entertainment throughout the area. Come see this beautiful home for yourself and imagine the possibilities of living in Heron Creek.
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.
