FABULOUS with UPGRADES GALORE in the sought after MASTER PLANNED community of WATERGRASS, on a CORNER LOT with 5 bedrooms and 3 bathrooms and flexible OPEN CONCEPT floor plan. You'll enjoy privacy with pond views on the side and back and preserve and conservation land behind all surrounded by white picket fencing. Step inside the CUSTOM FRONT DOOR into the bright spacious foyer and living areas with HIGH CEILINGS. The stunning kitchen is a CULINARY HAVEN with beautiful 42" cream-glazed wood cabinets with crown molding, luxurious GRANITE COUNTERTOPS and GE Cafe' refrigerator and dishwasher. The OPEN-CONCEPT layout seamlessly connects the kitchen, dining and family rooms creating an inviting entertaining space for holiday gatherings or cozy family times. The spacious FIRST FLOOR ENSUITE BEDROOM IS PERFECT FOR MULTI-GENRATIONAL LIVING. The PRIMARY ENSUITE RETREAT on the second floor features a tray ceiling, walk-in closet and bath with double sink vanity and walk-in shower. There are 3 other generously sized bedrooms a large bathroom and UPSTAIRS LOFT, perfect for a home office, homework stations, craft area or playroom. Additionally there is a convenient upstairs laundry room. The huge private yard is perfect for pets, play and entertaining. METICULOUSLY MAINTAINED - You'll enjoy the comfort and peace of mind knowing the A/C system is NEW ( July 2025), NEW ROOF (June 2025), 2 NEW Wi-Fi Thermostats, a Guardian security system and the INTERIOR was PAINTED AUGUST 2025. Outside are automatic front porch lights, brick pavers, and irrigation system. The EXTERIOR was PAINTED NOVEMBER 2024. Watergrass is resort style living with exceptional amenities right across the street in Promenade Park. There are tennis courts, playground, a fitness center, basketball courts, clubhouse that can be rented, and multiple pools. There are A rated schools, magnet and charter schools nearby as well as Watergrass Elementary within walking distance, allowing you to literally SKIP THE CARLINE as it's right across the street! Shopping, medical, entertainment and major Tampa attractions are also within close proximity. Don't miss this opportunity to live your best life in the thriving community of 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.
