** $235K is assumable at 2.25% as long as buyer meets VA requirements.** Welcome to this exceptional Cardel Wilshire II home located within the gated FishHawk Preserve community in Lithia—where generous space, thoughtful upgrades, and everyday functionality come together beautifully. Situated on a .30-acre homesite, this 4-bedroom, 4-bathroom pool home offers over 3,600 square feet of well-designed living space, complemented by a 4-car split garage (two front-facing and two side-facing), a pavered driveway and walkway leading to the entry. Step inside to find porcelain tile throughout the entire first floor, enhancing both style and durability. Just off the entryway, a formal dining room provides a dedicated space for gatherings, while a study/den behind glass French doors sits opposite—ideal for a home office or flex space. At the heart of the home, the kitchen is designed for both everyday living and entertaining, showcasing a large island, stone countertops, custom backsplash, gas cooktop, built-in oven and microwave, dishwasher, and refrigerator. A butler’s pantry with additional cabinetry and a large storage closet with deep shelving offers exceptional storage. The kitchen flows seamlessly into the dinette, which overlooks the outdoor living space, and into the living room featuring triple sliding glass doors that open fully to the lanai. Outdoor living is elevated with a screened saltwater pool and lanai, finished with Shell-Lock pavers, ceiling fans, and two access doors to the backyard. The space is designed for entertaining with perimeter party lighting, a gas-plumbed firepit, and a convenient pool bath (Bath 3) with direct outdoor access. Thoughtful touches include a radio-controlled dog door, and all pool equipment—including the cleaner and hoses—will convey. The split bedroom floor plan ensures privacy and flexibility. The primary suite is tucked away on one side of the home and features dual walk-in closets and an en-suite bath with a dual sink vanity, garden tub, and separate shower. Bedrooms 2 and 3 are located on the opposite side of the home, each with walk-in closets and separated by a built-in workstation/desk area. Upstairs, a large bonus room, fourth bedroom, and full bathroom create a versatile space ideal for guests, multi-generational living, or a private retreat. This home also offers modern efficiency and convenience, featuring solar panels for significant energy savings, two LG backup batteries to power essential systems during outages, and a surround sound system with speakers installed in the patio, garage, bonus room, study/den, living room, kitchen, and dining room, with components included. The laundry room includes cabinetry, washer, and dryer, while the garage provides three ceiling-mounted storage racks. Wide slat blinds are installed throughout, and gutters with downspouts lead to underground drainage conduits for added peace of mind. Located within Fishhawk Preserve and part of the highly sought-after Fishhawk Ranch Community, residents enjoy access to top-rated schools, parks, trails, and a variety of amenities, all while being conveniently close to shopping, dining, and major commuter routes. This home offers the perfect blend of comfort, efficiency, and elevated indoor-outdoor living—ready to welcome its next owner.
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.
