Your search for the perfect home ends here! Every inch of this stunning Lantana model showcases exceptional attention to detail and thoughtful design. Step inside to a spacious layout featuring three bedrooms, a versatile den that can serve as a fourth bedroom or home office, two and a half baths, and an open-concept living area ideal for both relaxing and entertaining. This home is loaded with upgrades that truly set it apart—from the elegant Italian quartz backsplash in the laundry room and crown molding throughout, to the beautifully lit tray ceiling in the owner’s suite and the extended, decked patio perfect for outdoor gatherings. Enjoy an oversized fenced yard, rain gutters, and so much more, offering both comfort and convenience inside and out. For added peace of mind, a generator power outlet has been professionally installed on the exterior of the home, allowing you to power essential areas during storms or outages. The incredibly equipped garage is a true standout and will leave you speechless—perfect for DIY projects or professional work alike. Featuring a sleek epoxy floor, split AC system, and an insulated garage door, this space is as functional as it is impressive. Additional highlights include soaring 9'4" ceilings, 42" kitchen cabinets with crown molding, granite countertops throughout, stainless steel appliances, upgraded shower wall tile, and more. This home truly offers the perfect blend of luxury, space, and location. Conveniently located off US-301 and West Lake Drive in Wimauma, you’ll enjoy an easy commute to Downtown Tampa, St. Petersburg, and Apollo Beach while still being surrounded by peaceful conservation areas and parks. With Little Manatee River State Park just minutes away, outdoor adventures like hiking, canoeing, horseback riding, and camping are always within reach.
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.
