** ASSUMABLE 3.25% INTEREST RATE — BUYER SAVES HUNDREDS PER MONTH ** | 6230 Camino Drive, Apollo Beach, FL 33572 | 3 Bedrooms | 2 Full / 1 Half Baths | 1,774 Sq Ft | End Unit | Pond View Stop scrolling. If you are buying a home in today's market, an assumable mortgage at 3.25% is one of the most valuable opportunities you will find anywhere in Tampa Bay right now. At current market rates, assuming this loan instead of taking a new mortgage could save a qualified buyer several hundred dollars every single month for the life of the loan. That is real money, and it is built right into this listing. Now add this to the picture. A meticulously maintained 2020 end-unit townhome in one of Apollo Beach's most sought-after master-planned communities, with a screened pond-view patio, an upgraded epoxy-coated garage floor, quartz countertops throughout, and a loft that gives you flexible space most townhomes in this price range simply do not offer. This is not a compromise home. This is a smart home for a smart buyer who knows how to read a market. The main level lives large with an open-concept layout, tile flooring throughout, and a chef-ready kitchen anchored by a center island with breakfast bar seating, 42-inch upper cabinets with crown molding, stainless steel appliances, subway tile backsplash, recessed and pendant lighting, and a spacious pantry. Sliding glass doors from the dining area open to a covered and screened patio overlooking a peaceful pond and green space — a rare find in this community and the kind of view that turns a house into a home the moment you walk through it. Upstairs, the primary suite features a tray ceiling, large walk-in closet, and a private en-suite bath with dual sinks, quartz countertops, an oversized walk-in shower, and a separate water closet. Two additional generously sized bedrooms share a full bath also finished with quartz countertops. The loft creates a natural fourth flex space perfect for a home office, media room, or playroom. The pie-shaped end-unit lot delivers added side yard space and privacy that interior units cannot match, and the epoxy-finished garage is as polished as the rest of the home. Waterset wraps it all up with resort-style amenities including multiple pools, fitness centers, miles of walking and biking trails, dog parks, playgrounds, and courts for basketball, pickleball, and tennis. A 20-acre recreation area and active community event calendar make this feel less like a neighborhood and more like a destination. Walkable access to Waterset Plaza puts dining, grocery, a gym, and entertainment literally outside your door. Minutes to Tampa, MacDill AFB, and all major commuter routes. No flood zone. Low HOA. And an interest rate that buyers in today's market would pay a premium to get their hands on. Ask your agent about assumable loan qualification. This one will not last once the right buyer runs the numbers.
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.
