A rare opportunity to enjoy the coveted Westshore Marina District lifestyle for half the price! Offering a VA Assumable Loan option with a 2.75% interest rate, located within minutes of McDill AFB and in an "A" rated school zone. This beautiful, end-unit townhome backs up to a green space and is just steps away from the 52-acre waterfront Westshore Marina District and—importantly—experienced NO FLOODING nor power loss from either hurricane. Designed for easy living, this fee-simple (not a condo) townhome features two bedrooms with private ensuite bathrooms, 2.5 total baths, and a 1-car attached garage. Enjoy the convenience of true two-level living—unlike most neighboring townhomes that are 3 stories and nearly double the price. Inside, you’ll find thoughtful upgrades throughout, including: • 2022 HVAC System • Luxury stone countertops • Real hardwood flooring • Washer + dryer and matching stainless steel appliances • Smart thermostat, smart doorbell, exterior cameras, and ADT security system As an end unit, the home boasts extra windows and abundant natural light. The kitchen wall has been removed—making this the only unit in the community with a fully open floor plan and soaring ceilings that create a bright, modern, designer-ready interior. The attached garage provides security and convenience with direct entry into the home. Located in Westshore Townhomes, residents enjoy: ? Community pool ? Sidewalks and green spaces ? Pet station ? Remarkably low HOA fees—just $483/month THE LIFESTYLE Live where Tampa plays—just a short stroll to the waterfront marina, parks, walking trails, cafés, spas, fitness studios, Duckweed Urban Grocery & Liquor, and some of the area’s best restaurants and shops...nothing beats aa nice walk to Salt Shack on the Bay to experience the most divine sunsets. UNBEATABLE LOCATION Less than 10 miles to: • MacDill Air Force Base • Tampa International Airport • Westshore Business District • International Plaza & Midtown • Downtown Tampa, Channelside, Hyde Park & SoHo Sports fans will love cheering on the Buccaneers, Lightning, Rays, and Rowdies close to home. Quick access to the Crosstown Expressway makes trips to Downtown St. Pete and the Gulf beaches seamless. Don’t miss a perfectly priced opportunity to own in one of South Tampa’s most desirable waterfront districts—without the premium price tag.
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.
