LOCATION, LOCATION, LOCATION! This home sits in one of Spring Hill’s most convenient pockets — tucked away in a quiet residential street yet minutes from everything that makes the Nature Coast shine. Hit US-19 or the Suncoast Parkway in minutes, giving you a straight shot to Tampa, Clearwater, and the airport. Spend your days exploring Weeki Wachee Springs, Hernando Beach, Pine Island, Rogers Park, and the Gulf Coast’s best fishing and boating waters all less than a 20 minute ride. Shopping, dining, hospitals, and top everyday conveniences are at your fingertips, yet the neighborhood stays peaceful and residential. It’s the perfect blend of Florida lifestyle and commuter convenience! Welcome to 5550 Newmark St, a bright and beautifully maintained 3-bedroom Florida home that immediately feels warm, uplifting, and inviting. From the moment you step through the charming double-door entry, you’re welcomed into a space filled with natural light, high ceilings, and an effortless flow that makes every room feel open and comfortable. The heart of the home is the thoughtfully updated kitchen, featuring new appliances (purchased in November 2025) giving you a clean, modern, and polished foundation to cook, gather, and entertain. Pride of ownership shines throughout, with meaningful improvements and well-cared-for spaces that make this home truly move-in ready. One of the standout features is the expansive enclosed Florida room, a sunlit bonus living area wrapped in windows. It’s perfect for morning coffee, a creative studio, a cozy reading spot, or an additional gathering space. This room seamlessly connects the indoors with the outdoors and opens directly to the home’s signature backyard oasis. Step outside and fall in love with the over-sized fully fenced in backyard featuring a covered pavilion ideal for entertaining, gardening, unwinding, or enjoying Florida evenings with friends and family. This backyard is not just a yard, it’s designed for connection, relaxation, and memorable moments. Back inside, the primary suite offers comfort and tranquility with abundant natural light and ample space. The ensuite bathroom feels spa-inspired, featuring a soaking tub, separate walk-in shower, recessed lighting, and a layout designed for ease and serenity. A large walk-in closet ensures plenty of room for organization and storage. The home’s additional two bedrooms each offer their own charm and flexibility. One guest room bright and spacious, is large enough to be considered a second primary bedroom while the third bedroom, features tile flooring and works beautifully as a home office, fitness room, or traditional bedroom. The rare laundry suite is another unexpected gem, offering a built-in workstation, generous cabinetry, shelving, and a window for natural light perfect for staying organized, folding, crafting, or managing the details of everyday life. Additional highlights include: 3 true bedrooms with flexible functionality Enclosed Florida Room adding full additional living space NEWkitchen appliances (11/25) Spa-inspired primary ensuite with soaking tub & walk-in shower Large walk-in closet in primary suite Oversized laundry room with built-in desk & storage Bright windows & natural light throughout Expansive outdoor pavilion for entertaining Fully fenced backyard Screened garage for airflow and comfort Located in a peaceful, established Spring Hill neighborhood
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.
