Welcome to this beautifully maintained 3-bedroom, 2-bathroom home located in the highly sought-after Hunters Ridge community, known for its prime location and very low HOA. Freshly updated with new interior and exterior paint and brand-new carpet, this home is move-in ready and offers a bright, welcoming atmosphere from the moment you walk in. Inside, high ceilings and a flowing floor plan create a spacious and inviting feel throughout the home. Natural light pours in through the skylights, adding warmth and character to the living spaces. The kitchen comes fully equipped with all major appliances including refrigerator, range, microwave, dishwasher, washer, and dryer, making this home truly turnkey. Energy efficiency and long-term savings are standout features, with a fully paid-off solar electric system and solar hot water heater, helping keep utility costs low. The property also includes a separate well for the sprinkler system servicing both the front and back yard, reducing water expenses while keeping the landscaping looking its best. For added protection and peace of mind, the home is equipped with high-quality hurricane shutters on doors and windows. Situated on an oversized lot, the property offers extra outdoor space, complemented by a large rear lanai that provides an ideal space for entertaining guests or enjoying peaceful evenings outdoors. The location is hard to beat—just minutes from shopping, restaurants, medical facilities, and Starkey Market, as well as close to Starkey Ranch. The home is zoned for highly rated schools including Longleaf Elementary, River Ridge Middle, and River Ridge High School. Enjoy the best of Florida living with convenient access to the coast and travel hubs—approximately 30 minutes to Fred Howard Park Beach, 35 minutes to Tampa International Airport. This home perfectly combines location, lifestyle, and long-term value—don’t miss the opportunity to make it yours. Seller is offering $4,000 towards new flooring. **Use of sellers preferred lender to get 1% of closing costs covered**
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.
