2.41 ACRE lot! PRIVATE setting in Gibsonton steps from the ALAFIA river! Gated and fully fenced setting with no deed restrictions--this property offers the lifestyle of quiet country living with the convenience of a quick ~20 min commute to downtown Tampa! LOVE the water? Drop your watercraft into the Alafia River to float into the BAY or dine dockside just minutes from home! This 1632 SF, one story home sits on a BEAUTIFUL Fl landscaped property featuring a front porch, 180 SF back deck off of the kitchen + a covered & screened rear lanai from the family room! Plenty of room here for your toys, boat, the RV, a garden and more! There are 2 sheds on the property--one with finished interior, electric/power, insulation + a ladder to a loft! The property is double fenced with 2 double gates in the rear for trailer/RV access. Big dollar updated items include: Roof 2021, Attic Insulation 2022, Gutters (2021) with Leafguard (2022), HVAC 2019 with new ducts (2022) & UV air purification system (2021), septic and drain field 2024, & driveway re-paved 2023. Broken bedroom window (as shown in the photos) is repaired! Step inside to find a comfortable 3 bedroom/2 bath floorplan featuring an oversized ~500sf family room with wet bar! Recent interior upgrades include granite kitchen countertop with double sink & faucet (2024), new kitchen range (2024), garbage disposal (2025), & kitchen recessed lighting (2023). The kitchen showcases white kitchen cabinets with mosaic tile backsplash, cabinet hardware, undermounted lighting, a rolling island, whirlpool fridge and a pantry! Light, neutral colored luxury vinyl plank flooring throughout most of the home; carpets only in the bedrooms! This is a prime location for access to I75, Downtown Tampa, Apollo Beach, Alafia River access, public transportation & Gibsonton Elementary School 0.2mi from home! Flood insurance is only ~$1100/yr! No flood issues here- no flood claims- sheds are anchored for hurricane weather! Long driveway, carport and parking pads provide plenty of parking for homeowners and guests! Oversized lots in this area are a RARE FIND! ASK FOR THE UPDATE/FEATURE SHEET and check out the ZILLOW Showcase tour!
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.
