Welcome to 480 W. Davis Boulevard, where timeless Davis Islands charm meets modern luxury living. Situated on an oversized homesite in one of Tampa's most coveted neighborhoods, this beautifully renovated residence offers over 3,000 square feet of thoughtfully designed living space, blending sophisticated finishes with the comfort and functionality today's buyers demand. From the moment you arrive, the home's curb appeal and mature landscaping set the tone for what awaits inside. Warm hardwood floors, abundant natural light, and expansive gathering spaces create an inviting atmosphere throughout. The heart of the home is a beautifully updated kitchen featuring premium finishes, generous storage, and seamless flow into the main living and dining areas—perfect for both everyday living and entertaining. Designed with flexibility in mind, the floor plan includes two spacious primary suites, offering ideal accommodations for multigenerational living, long-term guests, or a luxurious owner's retreat. Multiple living areas provide room to work, relax, and entertain, while oversized windows and French doors connect the interior spaces to the private outdoor oasis. Step outside to enjoy Florida living at its finest. The backyard offers a resort-inspired setting with a sparkling pool, expansive patio spaces, and lush landscaping, creating the perfect backdrop for weekend gatherings, outdoor dining, or quiet evenings under the stars. Located on highly sought-after Davis Islands, residents enjoy a unique island lifestyle just minutes from Downtown Tampa, Water Street, Tampa General Hospital, the Tampa Riverwalk, and Tampa International Airport. The neighborhood offers parks, playgrounds, tennis courts, a marina, village shops, restaurants, and some of Tampa's most desirable schools. 480 W. Davis Boulevard presents a rare opportunity to enjoy a fully renovated home in one of South Tampa's most established and desirable communities.
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.
