No HOA or CDD Fees! Oversized lots. Incredible, well-rounded, multi-generational neighborhood. No Rear Neighbors – this incredible property has room for a pool, mother-in-law suite, RV parking, you name it. The oversized screened-in back patio with ceiling fans and TVs overlooks incredible mature Pine and Oak trees, set the perfect distance away to enjoy but not so close you'd worry about them falling on the house. It's a perfect place to hang out after a long day. All major improvements are done, including a newer roof (2021), AC unit (2019), and water heater (2018), along with hurricane-rated impact windows and patio doors for added peace of mind. Located in the Woodlawn community, this property sits in the far corner, giving you an extra level of peace and quiet. This Florida home was built extremely well, with the foundation and exterior in block. The newly painted 2-car garage and carport give you plenty of space for up to 4 cars, with additional street parking. The home has a modern Southern touch and a very popular split floor plan—a stunning 3-bedroom, 2-bathroom layout. The kitchen has soft-close hardwood cabinets and an oversized island with 24-inch cabinets, giving you ample room for every kitchen item you can imagine. The floors were updated to vinyl, and the primary bedroom has its own en suite and walk-in closet, with a brand-new shower just installed in the primary bathroom. Don't worry about the expensive, challenging items—the owners have already done the heavy lifting for you. This home comes equipped with hurricane-rated impact windows and doors throughout. The two hurricane-impact French doors open up the house and create a flow that entertains and delights. The elegance of vinyl plank flooring runs throughout the main living areas and bedrooms, providing a clean, modern aesthetic with no carpet. This property also includes a handy shed with updated electrical hookups. Nestled in the charming Woodlawn Lakes neighborhood, you'll appreciate the tree-lined streets and mature greenery. Best of all, you're just a couple of miles from shopping and dining, with easy access to vibrant Tampa, St. Pete, Sarasota, and some of Florida's most beautiful beaches—all within a quick 45-minute drive! Don't miss the chance to make this remarkable home yours. Schedule your viewing today and experience the lifestyle you've been dreaming of!
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.
