Imagine living in a lovely 3-bedroom, 2.5-bath residence in the gated Lakeside Townhomes subdivision located within the highly sought-after, Seven Oaks community. This move-in ready gem boasts an array of stylish features that truly set it apart. From the moment you walk through the door, you're welcomed by a cozy foyer leading into an open-concept layout perfect for both everyday living and entertaining. The family and dining areas flow seamlessly into a stylish kitchen featuring granite counter tops, stainless steel appliances, tiled backsplash, and walk-in pantry. Downstairs showcases crown molding, easy-care ceramic tile floors, while the staircase and second level of the home is dressed in luxury vinyl plank flooring throughout. The private screened-in patio offers a serene spot to enjoy your morning coffee or unwind after a long day. Upstairs, you’ll find 3 bedrooms, 2 full baths, and a convenient laundry closet. One of the 3 bedrooms is a spacious primary suite featuring a walk-in closet, an ensuite bath with dual sinks, and a large tiled shower stall. Enjoy access to Seven Oaks’ resort-style amenities, where you can host gatherings in the clubhouse and stream movies in the theatre room that holds 30 guests, snack at the on-site café, utilize the fitness center, Olympic and resort-style pools, splash pad for the tiny tots, tennis, basketball and volleyball courts, baseball/soccer field, playground, and more. With quick access to I-75, and just minutes from Wiregrass Mall, Tampa Premium Outlets, Center Ice, The Grove, PopStroke, top-rated schools, and medical facilities such as Advent Health and BayCare Hospitals. This location simply can't be beat. Don’t miss your chance to own this stylish townhome in one of Wesley Chapel’s most desirable communities. Schedule your private showing 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.
