Welcome to this extensively upgraded 4-bedroom, 3-bath pool home with a 2-car garage in the highly desirable, guard-gated Cheval East community, ideally situated on a quiet dead-end street with tranquil pond views. At the heart of the home is a completely reimagined chef's kitchen, finished with quartz countertops, premium Bosch appliances, a professional-style oven, new dishwasher, and a distinctive Shaw sink and faucet imported from the UK. The oversized island anchors the living space and opens to expansive gathering and dining areas with volume ceilings and abundant natural light from new picture windows. Throughout the home, you'll find wood-look luxury vinyl plank flooring, designer Pottery Barn lighting and ceiling fans, and integrated Sonos in-ceiling speakers delivering whole-home audio. The thoughtfully designed split layout offers privacy and comfort with four spacious bedrooms and three full bathrooms. The primary suite enjoys peaceful water views and direct access to the lanai and pool. The spa-style ensuite features dual granite vanities, a built-in makeup station, garden tub, and separate walk-in shower. Secondary bedrooms are generously sized, and the additional bathrooms are well-appointed for family and guests. The oversized laundry room includes additional cabinetry, storage, folding space, and a utility sink — also ideal for crafts, hobbies, or home business use. Outdoor living is equally impressive, with a heated pool overlooking the pond and a large covered lanai designed for effortless entertaining and relaxed everyday enjoyment. The backyard also includes raised garden beds and a fenced dog run, blending function with lifestyle. Cheval is one of Tampa Bay's most sought-after master-planned communities, known for its 24-hour manned gates, mature landscaping, and resort-caliber setting. Residents have access to the Cheval Golf and Athletic Club with discounted membership opportunities, featuring a newly multi-million dollar renovated championship 18 hole golf course, racquet facilities, training programs, dining, youth camps, social events, and a state-of-the-art fitness center. Zoned for top-rated schools and conveniently located near the Veterans Expressway, shopping, dining, and medical centers. The HOA is low for the area — a rare value within Cheval.
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.
