Short Sale. SHORT SALE PLEASE SEE REALTOR REMARKS Exceptional living starts here behind the gates of Peregrina at Watergrass! Welcome home to sunrises in the front with park views and sunsets over the pond in the back on your extended lanai with swim spa. Enter into this architecturally pleasing 1 story home with extra high ceilings throughout and an Italianate style not seen in new construction. Enter into the elongated hallway -- to your right, double doors separate the office space for work from home privacy. To the left, bedrooms 2 and 3 with a full bathroom upgraded with a walk in shower. As you continue on, the laundry room and primary bedroom are split from the main living area. The primary has an elegant feel & leads to the ensuite bathroom with soaking tub and upgraded shower. A huge walk in closet finishes this space. An additional half bath for guests is conveniently located by the catch mudroom area before the garage. Your great room encompasses a dining area, dinette, and the kitchen/living room. Amazing open space for entertaining with plenty of seating, and a beautiful kitchen. Double wall ovens, closet pantry, cook top, stainless steel appliances, granite countertops, and seating at the island. Imagine spending evenings cooking or sitting outside watching the sunset over the pond while relating on the back lanai or while soaking in the swim spa! This exceptional addition to the home is only one of many additional upgrades which feature: central vac system, built in speakers throughout the house, exterior lighting and a community packed with amenities. Watergrass is a resort-style community with 3 pools *1 heated resort pool, 1 Jr Olympic lap pool, 1 additional pool, pickleball and tennis courts, basketball, splash pad, dog park and so much more. Outdoor lifestyle is promoted here- or, stop into the clubhouse for the fitness center, meeting space, or for events throughout the year. Watergrass is minutes from Publix, ChickFilA, Starbucks, Chase Bank, Florida Medical Clinic & Johns Hopkins Childrens Hospital. Need more? Watergrass Elementary, daycare center, Wendy's, Suncoast Credit Union, and a free standing walkin ER *2026 are also close by. 10min from I-75, 35-40min from Tampa International, USF, Busch Gardens, and all Tampa's downtown attractions. We cant wait to welcome you to Watergrass!
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.
