Welcome to this entertainer’s dream home in the highly sought-after Tampa Palms community, featuring one of the largest yards in the neighborhood. Designed for exceptional indoor and outdoor living, this move-in-ready residence offers the perfect blend of comfort, privacy, and Florida lifestyle living. Step outside to your own private backyard retreat complete with a sparkling pool, screened lanai, expansive patio, and plenty of space for entertaining, grilling, pets, play, or simply relaxing year-round under the Florida sun. The oversized lot provides a rare combination of outdoor space and privacy not often found in Tampa Palms. Inside, the open and inviting floorplan is ideal for hosting family and friends, featuring spacious living areas, a cozy fireplace, abundant natural light, and a finished 2-car garage. HVAC and remodeling updates completed in 2015 provide added peace of mind, while solid masonry and stucco construction enhance both durability and curb appeal. Perfectly located just minutes from I-75, Tampa Palms Golf & Country Club, Flatwoods Park, Wiregrass Mall, Tampa Premium Outlets, USF, Moffitt Cancer Center, VA Hospital, top-rated dining, shopping, and entertainment. Situated in a quiet, established, low flood-risk community zoned for highly rated schools, this home offers convenience, lifestyle, and long-term value in one of New Tampa’s most desirable locations. Updated professional photos coming soon. All information and measurements are deemed reliable but are not guaranteed and should be independently verified by Buyer and Buyer’s Agent, including HOA information, lease restrictions, room measurements, school zoning, and utility details.
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.
