One or more photo(s) has been virtually staged. Discover your dream home in the exclusive, gated Lake Toscana community. Set on a generous 0.52-acre lot, this residence is surrounded by the natural beauty, open spaces, and wildlife that give the neighborhood its Italian-countryside charm. With only 127 homes—each on half- to full-acre lots with conservation or lake views—you’ll appreciate unmatched privacy and tranquility. This quality-built home offers 3 bedrooms, a versatile den, 3 full baths plus a powder room, and a spacious split 3-car oversized garage. The gourmet kitchen impresses with a vent hood, walk-in pantry, island, wine cooler, light wood-tone cabinetry, Athena marble countertops, and a honed marble backsplash. The bright primary suite features abundant windows, a luxurious bath with dual sinks, vanity, walk-in closet, frameless shower, and rain shower head. The great room opens to a screened pool area overlooking serene conservation views—ideal for relaxing or entertaining. Ten-foot ceilings with 14-foot tray accents elevate the great room and primary suite. Additional features include a large walk-in pantry, an expansive laundry room, and a private ensuite bath for bedroom 3. The screened-in pool and spacious backyard offer the perfect setting for outdoor living. The home operates on well and septic, with irrigation running from the well for added cost savings. Community amenities include walking trails, a pavilion, and easy access to canoeing, fishing, and nature activities at nearby Little Manatee River State Park. With low HOA fees, no CDD, and convenient access to Tampa and Sarasota, this home offers the ideal blend of serenity, space, and exceptional craftsmanship. Don’t miss this rare opportunity to own an estate in one of Tampa Bay’s most desirable nature-focused communities. Don't forget to check out the property and community video at : https://book.tampabayrealtymedia.com/videos/019a8ecf-ce8a-7323-a2dc-af4f2716fab4
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.
