Welcome to this beautifully updated 4-bedroom, 2.5-bath home in the desirable Dupree Lakes community of Land O’ Lakes, Florida. This spacious two-story home offers an open floor plan with vaulted ceilings, tile flooring throughout the main living areas, fresh first-floor interior paint, updated lighting fixtures, and a warm built-in electric fireplace with mantle. The renovated eat-in kitchen, completed in August 2023, features resurfaced cabinets with new cabinet doors and hardware, crown molding above the cabinetry, a custom bump-up above the microwave, granite countertops, an oversized deep stainless steel sink, new faucet, and stainless steel appliances including the refrigerator, oven, microwave, and dishwasher. The main level also includes a formal living room near the entry, ideal for a home office, sitting room, or additional entertaining space, along with a dining area featuring luxury vinyl plank flooring installed in 2023. Upstairs, the spacious loft offers the perfect bonus room, media space, playroom, or second living area, enhanced by custom floor-to-ceiling bookcases installed in 2024. The second floor was updated with luxury vinyl plank flooring in October 2025, while the stairs feature premium plush carpet. The private primary suite offers a relaxing retreat with a dual-sink vanity, tiled shower, and large soaking tub. Three additional bedrooms and a full bathroom provide plenty of flexible space for guests, work, or hobbies. The half bathroom was renovated in August 2023 with resurfaced cabinetry to match the kitchen, granite countertop, new sink, faucet, cabinet doors, hardware, and toilet. Major exterior and mechanical updates add peace of mind, including a new roof installed in 2024, fresh exterior paint with an updated color palette, rear gutters, extended driveway pavers, a 2024 water heater, and a whole-home water softener installed in 2023. Enjoy Florida outdoor living from the fully screened lanai overlooking the large fenced backyard with peaceful pond and preserve views. A two-car garage and private driveway provide ample parking. Dupree Lakes residents enjoy low HOA dues with access to community amenities including a resort-style pool, fitness center, clubhouse, and playground. Conveniently located in Land O’ Lakes near shopping, dining, schools, parks, and major roadways, this updated Dupree Lakes home offers comfort, space, upgrades, and beautiful views in one of Pasco County’s popular communities.
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.
