Experience the ultimate combination of style, efficiency, and comfort in this beautiful 4-bedroom, 3-bathroom, 3-car garage home, located in a tranquil cul-de-sac with soothing lake views. Situated on an expansive 14,000-square-foot (0.34-acre) lot with a large backyard, this residence has been thoughtfully upgraded with a new roof and air conditioning (2021), high-efficiency windows, and an extensive solar panel system with Tesla Powerwall and charger, offering convenience and surprisingly low monthly energy costs. Daily life is elevated with a reverse osmosis water filtration system, a Kinetico water treatment system, and a high-efficiency AeroTherm® water heater, which reduces expenses, while offering high efficiency. The HVAC system is enhanced with a Reme Halo air purifier and UV lights, providing a cleaner, healthier environment throughout the home. Upon entering, you'll enjoy more than 2,600 square feet of living space, where a spacious walk-in kitchen with pantry connects to the open living room, and large sliding windows fill the space with natural light and connect you to the backyard and mesh-covered terrace. Throughout the home you'll find luxury slab and vinyl flooring, plus a surround sound system throughout the home for an immersive experience in every room. An additional spacious room on the second floor with closet offers the flexibility of being a home office, media room or even a fifth bedroom, while the garage adds practicality with built-in storage shelves. Outside, the covered and screened travertine terrace, ceiling fans, and a private swim spa create an ideal retreat overlooking the lake, while an irrigation system with ample sprinkler coverage keeps the garden green year-round. Beyond your doorstep, the Lake Bernadette community offers low HOA and CDD fees that provide access to two pools (one heated year-round), hot tub, tennis courts, fitness center, clubhouse, and more, plus the option to join the 18-hole golf course with flexible membership plans. All of this just minutes from shopping, dining, and easy access to Tampa make this home so much more than just a place to live: it's a lifestyle you'll love.
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.
