**ASSUMABLE 2.25% VA LOAN-- Available to everyone**. Experience Resort-Style Living in Valencia Lakes! Welcome to this impeccably maintained 2018 GL Homes Positano model, offering 2,001 square feet of thoughtfully designed living space in Valencia Lakes, Tampa Bay’s premier 55+ Active Adult Community. An inviting 9’x11’ foyer with a tray ceiling welcomes you into this natural light-filled home, where elegant 18”x18” porcelain tile flooring flows throughout the common living areas. The front entry is enhanced with a Phantom retractable screen door, allowing you to enjoy Florida’s beautiful cross breezes. Designed with entertaining in mind, the open-concept kitchen is the heart of the home and features quartz countertops, stylish gray cabinetry, a stunning mosaic glass-tile backsplash, a single-basin sink with a reverse osmosis drinking water faucet, Whirlpool refrigerator, GE Stainless Steel range, microwave (2026), and dishwasher (2026), pantry with pull-out sliders, and abundant workspace for the home’s chef. The adjoining dinette offers casual dining beneath a lighted ceiling fan. The dining room is beautifully illuminated by a large window and elegant chandelier and comfortably accommodates seating for eight, making special gatherings and dinner parties effortless. The spacious great room features 8 recessed lights, a lighted ceiling fan, and it opens through 12’ sliders to the lanai/screen room. Enjoy outdoor living in the 20’x17’ lanai/screen-room which features a Florida Glass wall that enhances privacy and comfort, a durable hardtop roof, and a lighted ceiling fan; this is a perfect space for relaxing with your morning coffee or entertaining guests in the evening. Retreat to the luxurious primary suite featuring two open-access walk-in closets, a large 9’ window, and a spa-inspired en-suite bath with separate quartz-topped vanities and oversized walk-in shower complete with a built-in bench. A versatile den with double doors, a large window, and a lighted ceiling fan offers the perfect space for a home office, hobby room, or optional third bedroom. The split-bedroom floor plan provides privacy for guests. Bedroom two, with a Murphy bed, is tucked away from the primary suite and features plush carpeting, a ceiling fan, and convenient access to the second bath with a quartz banjo-style vanity and framed tub/shower combination. The well-appointed laundry room includes a utility sink and GE top-load washer and dryer (2026). Additional upgrades include custom top-down/bottom-up window shades throughout the home, a Carrier Infinity HVAC (2023), Rheem water heater (2023), Culligan water softener, insulated garage door, quiet belt-drive garage door opener, and a high-ceiling in the garage offering excellent storage potential. Beyond your front door, enjoy the award-winning lifestyle of Valencia Lakes. Residents enjoy a magnificent clubhouse, resort-style pools, fitness center, tennis & pickleball courts, bocce, softball, scenic walking and biking trails, community garden, dog park, on-site restaurant, and a full calendar of clubs, entertainment, social events, and activities. Valencia Lakes offers the perfect blend of luxury, convenience, and active living. This exceptional Positano model has been lovingly maintained and is truly move-in ready. Don’t miss your opportunity to enjoy the very best of Florida’s resort-style lifestyle!
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.
