3400 + sq feet with a three-car garage and a NEW ROOF being installed before closing, along with NO backyard neighbors that have scenic views. This impressive home offers 5 bedrooms, 4 baths, and an abundance of spacious living areas. Step through the two-story foyer into bright, open spaces that include a formal living and dining room, an open family room, and an upgraded kitchen featuring extensive cabinetry, ample counter space, a sunny breakfast nook, and a convenient breakfast bar. There is a large bedroom located on the first floor—ideal for a guest suite or multiple-generation living (in-law suite) Note: Look at comps for 2400 sq ft pool homes in 33594-it may sell for a Tiny more. We should know in 10 business days whether it is approved. Upstairs, a BONUS MEDIA ROOM provides the perfect opportunity to create your own personalized space. The oversized main suite offers plenty of room for a sitting area, a large walk-in closet, and a luxurious bath complete with a garden tub, separate shower, and dual sinks. There are 3 secondary bedrooms upstairs: 2 have large walk-in closets, 1 has an ensuite bathroom with a tub/shower combination, and all 3 are generously sized. Enjoy outdoor living in a fully glassed-in Florida Room, featuring double-pane sliding windows. Take in the serene water view—an ideal backdrop for cookouts, quiet relaxation, and the occasional visit from a heron. The first-floor laundry room and has a handy utility sink. Hurricane shutters are stored in the garage for peace of mind. The security system has been wired and is ready to use, along with an irrigation system to keep your landscaping beautiful. River Bend gives you resort-style perks without the price tag: fitness center, oversized pool, playgrounds, pickleball, basketball courts, and a fenced dog park. Commuting is easy with quick access to I-75 and US-41, putting Tampa, MacDill, beaches, shopping, dining, hospitals, and EG Simmons Park within reach. Low HOA fees. High lifestyle value.
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.
