Drive into the quiet, peaceful grounds of The Villa Nueva Community – a private and well maintained community of only 53 one-story and two-story condos that feature clay barreled tile roofs and appreciate the quaint, storybook community. This Largo Villa does needs some updating. This villa is not located in a Flood Zone! This 2 bedroom, 2 bath Villa, is near the community pool and clubhouse. The kitchen features a newer stainless steel stove and large wall pantry with several shelves. The villa floors are interestingly stained concrete for easy maintenance and cleaning. For maximum privacy, the primary bedroom is on the west side that features an adjacent bathroom with tub & shower . The east side bedroom is split from the primary bedroom. The 2nd bedroom has the closet with a stackable newer Washer/Dryer and the new water heater. The back patio continues this open concept to provide a light bright atmosphere as it looks out on to the back yard so you can sit and enjoy all types of Florida weather. Carport in front of the Villa and storage unit on the other side. HVAC was replaced in June 2025 and ductwork in replaced in 2020. Impact Windows installed (2021). The HOA fee includes Cable, Internet, Water, Sewer, Trash, Exterior Maintenance (Roof), Lawn Maintenance, Pest Control, and access to the community POOL & clubhouse! Centrally Located 10-20 minutes to Clearwater Beach with all its entertainment & restaurants, 10 minutes to St. Pete Airport and 20 minutes to Tampa. Seller will look at highest and best offers.
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.
