This spacious end unit townhome offers a rare four bedroom layout with a thoughtfully designed two story floor plan in the highly sought after Estancia at Wiregrass community. With 1,852 square feet, 2.5 bathrooms, a 2 car garage, and a private side entry, the home combines functionality and comfortable living in a prime Wesley Chapel location. A standout feature is the first floor primary suite, a layout rarely available in townhomes within the community. Positioned privately on the main level, the owner’s suite offers convenience and separation from the additional bedrooms upstairs. The suite includes a spacious walk in closet and an en suite bathroom with dual vanities and an oversized walk in shower. The main level is designed for gathering and entertaining, featuring an open concept layout where the great room and dining area connect seamlessly to the kitchen. The kitchen is well appointed with a large center island, quartz countertops, 42 inch cabinetry, satin nickel hardware, and stainless steel appliances. Tile flooring throughout the first floor adds durability and ease of maintenance. Upstairs, three additional bedrooms share a full bathroom and a spacious loft that works well as a second living area, home office, or flex space. The combination of a downstairs primary suite and three additional bedrooms makes this four bedroom floor plan especially desirable and hard to find in the townhome market. Estancia at Wiregrass offers an amenity rich lifestyle with a zero entry resort style pool, heated junior Olympic pool, two story water slide tower, and the 7,000 square foot Estancia Club featuring a fitness center, meeting spaces, and community gathering areas. The location provides quick access to Wiregrass Mall, Tampa Premium Outlets, The Grove, AdventHealth Wesley Chapel, dining, entertainment, and major roadways for an easy commute to downtown Tampa and Tampa International Airport.
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.
