A true gem in South Tampa, this tastefully renovated and well-maintained block home sits on a generous corner lot and offers easy, comfortable living with room to grow. Freshly painted exterior and interior, this home has a new look and is a showstopper. Inside, NEW flooring flows throughout the home, creating a fresh and cohesive feeling. A welcoming spacious family room serves as the heart of the home, offering a comfortable place to gather, relax, or entertain. The updated kitchen is open and bright, featuring NEW cabinetry, NEW stainless-steel appliances, NEW solid-surface countertops, NEW designer lighting, and a whole-house water filtration system. Just off the kitchen, a large, screened lanai extends the living space and invites relaxed indoor-outdoor living. NEW exterior doors and hurricane-rated windows with blinds bring in natural light while enhancing comfort and security. The dining area easily accommodates a large table, making it ideal for everyday meals or casual gatherings. An indoor laundry area includes a NEW water heater, and ceiling fans throughout help keep the home cool and comfortable. The renovated bathroom features a modern LED mirror, while ample storage is provided by both a linen closet and a hall closet. A newer roof and fully fenced yard offer peace of mind, and the expansive outdoor space provides plenty of room for future expansion, gardening, or outdoor enjoyment. A spacious carport accommodates two vehicles, backyard shed for extra storage and a sprinkler system helps keep the grounds looking their best. Additional conveniences include a security system and keypad entry. Thoughtfully designed and move-in ready, this home offers a wonderful opportunity to enjoy South Tampa living, with easy access to Westshore Plaza, Cypress Point Park and Beach, Tampa International Airport, Downtown Tampa, and MacDill Air Force Base. Schedule your 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.
