Over $15,000 in UPGRADED features in this Better-than-New townhome located in the heart of Tampa! Perfect for investors as an income producing property, families or first time home buyers, this low maintenance, energy efficient, 1663 sf townhome is ready for new owners. Built by Lennar in 2022, featuring 3-bedrooms, 2.5-baths, this residence is ideally situated in the Touchstone Community, with easy access to Tampa’s top attractions... including major sports venues, theaters, medical facilities, airports and the area's stunning Gulf beaches! Step inside to a living and dining area that flows into an Open, bright kitchen featuring white cabinets, stainless pulls, breakfast bar and an eat-in dining space with sliding doors to screened lanai offering private backyard views. Upstairs, you'll find a versatile loft with a desk area, perfect for a home office or study space. The generously sized owner’s retreat with a separate seating area, closet organizers and an upgraded ensuite bathroom featuring dual sinks and stylish finishes. Secondary bedrooms are located on the opposite side of the loft, ensuring comfort and privacy for guests and family with a full bath on the same wing. Upstairs also includes a convenient laundry room, located between the bedrooms, with storage cabinets installed above the washer and dryer. Additional features include energy-efficient double-pane windows, a one-car garage with an Electric vehicle charger and powder room with a pedestal sink on the main floor. The HOA takes care of lawn maintenance and building insurance, and provides access to community amenities such as a clubhouse, swimming pool, fitness center, splash pad, playground, dog parks, open spaces and a calendar full of social events and onsite activities. Just minutes from Brandon Mall shoppes, Downtown Tampa, Selmon expressway, Tampa International Airport, MacDill Air Force Base and major highways for easy commutes from this Move-in-ready townhome, in one of Tampa’s most sought-after locations! CALL 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.
