Welcome to this light-filled and beautifully designed WEST BAY home in the highly sought-after Waterset community of Apollo Beach. From the moment you step inside, you’re greeted by a massive open first floor designed for both everyday living and effortless entertaining. The heart of the HERON II home features a bright white kitchen complete with quartz countertops, a large center island, classic white diamond subway tile backsplash, and a spacious walk-in pantry. The kitchen flows seamlessly into the expansive dining and living areas, while oversized doors and windows flood the space with natural light, creating an airy and inviting atmosphere throughout. Upgrades through WestBay Builder: Beautiful island kitchen with GE appliances, GAS stovetop, Timberlake Downing Duraform Linen cabinets with crown molding, Ashen Gray Corian Quartz countertops, and Moen faucet, Legacy 7x22 Sterling wood look tile throughout the main living area, under-mount sinks in kitchen and bathrooms, and tile backsplash in the kitchen. Working from home? You’ll love the executive office space on the first floor, conveniently located near a half bath and featuring a hidden bonus — a built-in safe room for added security and peace of mind. Upstairs offers space for everyone with a generous primary suite featuring a private bath, dual vanities, and a walk-in closet. Three additional well-appointed bedrooms, a large bonus room perfect for media or play, and a full laundry room upstairs add convenience and flexibility to the second floor. Living in Waterset by Newland means enjoying resort-style amenities that truly set this community apart. Residents enjoy four stunning community pools, each offering its own vibe — from quiet lounging to family fun to dedicated lap swimming. A state-of-the-art fitness and recreation center, miles of trails, playgrounds, dog parks, and The Landing community hub host events designed to help neighbors connect and build lasting friendships. Perfectly located, you’re just 22 minutes to downtown Tampa, 30 minutes to MacDill AFB, 20–30 minutes to some of the area’s favorite beaches, and surrounded by shopping, dining, and everyday conveniences right in Apollo Beach.
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.
