One or more photo(s) has been virtually staged. PRICE IMPROVEMENT BEST VALUE 4 BEDROOM HOME IN GIBSONTON ***Back on market Buyer’s change in circumstances. No fault of the seller*** This home is now available again and presents a great opportunity for buyers who may have missed it the first time. Now vacant and offering over 2,200 sq ft, this spacious 4-bedroom, 2.5-bath home presents one of the strongest value opportunities currently available in the Southshore area. Designed with both functionality and comfort in mind, the open-concept layout features a bright and inviting living space ideal for everyday living and entertaining. The kitchen overlooks the main gathering area and offers generous cabinetry, ample counter space, and a practical layout perfect for hosting family and friends or enjoying quiet evenings at home. Upstairs, the primary suite provides a private retreat with an en-suite bath and walk-in closet. Three additional bedrooms offer flexible space for growing households, guests, remote work, or investment potential. A two-car garage and private backyard add to the home’s overall livability and long-term appeal. Located in the established South Bay Lakes community with low HOA and no CDD, residents enjoy access to a neighborhood pool, playgrounds, and walking areas. Convenient access to I-75, US-41, downtown Tampa, and MacDill Air Force Base makes this an ideal option for commuters, military relocation buyers, and those seeking space without the Tampa price tag. Added buyer confidence: Seller agrees to replace the roof once under contract, providing peace of mind and added value. With size, location, and pricing working in your favor, this home is a rare opportunity for first-time buyers, growing households, military families, or investors looking for strong value in Tampa Bay. Vacant, competitively priced, and easy to show. Schedule your private tour today.
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.
