These homes do not come to market that often with separate quarters and newer. Welcome to Slaten Road in beautiful Plant City. This home screams custom build with over 1.37 acres of endless possibilities. Entering onto the property you will be driven to the custom tile porch with night time lighting and large entry doors. Entering you will notice the high ceilings and crown molding running throughout the entire home. The large 24" porcelain tiles expand the rooms to seem larger then they already are. The attached dinning room area boast plenty of room for company or family dinners. Entering into the kitchen you will be amazed by the modern kitchen with granite counter tops, high end stainless steel appliances and cabinets galore. This living room kitchen combo allows for a great flow from dining area to kitchen and living room to kitchen. Just left of the entry way and dining area you will find the primary sweat with rustic floors crown molding and shutter doors. This room also includes large walk in closets and large bath suite with jacuzzi tub, dual sinks and large showering area. Walking to the opposite side of the house adjacent to the living room you enter into the guest bedroom areas. Here you will find another large bathroom with granite counters. Extra bedrooms are large enough for even your king size beds also include large closets for long stays or family uses. Right off of the kitchen and dining room you have two separate ways of exiting the home leading right into a closed in patio still flowing with the large tiles from inside and two granite covered desks. This area would be great for work while viewing the land in the backyard watching for your occasional eagle, crane or other interesting Florida animals that have been sited. After your work is done take another door exiting the home into the covered porch with over 300 square feet of hand laid brick, windows and kitchen setup abilities. This space was intended originally to be screened in or another addition to the home having a block frame. heading to the back yard you will notice the large RV port that comes with electric and sewer connection option. A shed located in the back yard was designed to hold all of your equipment needed to manage this over an acre and quarter property. This home is ten minutes from your favorite shopping/restaurant areas and only minutes from I4. This home is also located in one of the areas most sought after high schools. That country living but still within driving of everyday needs. In-Law house is accessible through the backyard or the front door of the house. This house was constructed only a few years ago and is truly an entire house. Taking a play off of some of the best 55 and up builders in the area these owners thought of it all. Plenty of lighting throughout the home, Wheel chair wide door ways, low cabinets, Porcelain tiled floors and wheel chair accessible shower. There is an option to connect the in-law house to the main house through the existing closet. This home is fantastic for multi family living and to find one this new is a must see.
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.
