One or more photo(s) has been virtually staged. Get ready for INSTANT SAVINGS with this SOLAR 4-bedroom home in Tampa! Brand New Carpet just Installed! This 2021-built home offers the peace of mind of newer construction along with energy efficiency that helps keep your monthly costs down—something every buyer is looking for! Tropical palm trees welcome you as you arrive, setting the tone for easy Florida living. Step inside to a bright, open layout with tile flooring throughout the main living areas, making everyday living both stylish and low maintenance. The spacious living room flows seamlessly into the kitchen and dining area, creating the perfect setup for entertaining or simply enjoying time at home. The kitchen is designed for both function and style with a large island, plenty of counter space, and a generous pantry—giving you all the room you need to cook, gather, and enjoy. The split bedroom layout offers privacy for everyone, with a spacious primary suite tucked away featuring a large bedroom, dual sinks, a walk-in shower, and a roomy walk-in closet. Step outside to your patio and take in the peaceful water view—the perfect spot to relax, unwind, and enjoy those Florida sunsets. This home is located in the highly sought-after Touchstone community in Tampa, a newer neighborhood offering a true lifestyle experience with resort-style amenities including a pool, splash pad, fitness center, clubhouse, playground, and walking trails. The location is hard to beat with easy access to the Selmon Expressway and I-75, making commutes to Downtown Tampa quick and convenient. Plus, you’re just minutes from everyday essentials like Publix, Costco, shopping, dining, and all that the Brandon and Tampa areas have to offer—giving you the perfect blend of comfort, convenience, and community living. Come see it today and experience the savings, space, and lifestyle this home has to offer!
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.
