One or more photo(s) has been virtually staged. Positioned on a quiet, established street in the heart of Plant City, this custom-built residence was thoughtfully designed with both lifestyle and long-term efficiency in mind. The expansive open floor plan creates a natural flow between the main living areas, allowing the home to feel spacious without sacrificing functionality. Generous sightlines, well-defined spaces, and abundant natural light work together to create an interior that feels both open and intentionally designed. At the core of the home is its custom floor plan—crafted to support everyday living while offering an ideal setting for entertaining. The seamless integration of the living, dining, and gathering spaces enhances connectivity and makes the home adaptable to a variety of needs. Rich hardwood flooring runs throughout the primary areas, adding warmth, durability, and timeless character while elevating the overall aesthetic beyond standard finishes. Built for Florida living, the property features spray foam insulation, delivering superior energy efficiency and enhanced climate control. This upgraded construction element helps maintain a cooler interior environment year-round, reduces energy consumption, and adds meaningful long-term value. The outdoor living space further complements the home’s design, highlighted by a custom gunite pool. Known for its structural strength and design flexibility, the gunite construction provides both durability and a refined, resort-style appeal. The pool area extends the living space outdoors, creating a private setting ideal for relaxation or entertaining. With its cohesive custom layout, quality finishes, energy-efficient construction, and thoughtfully designed indoor-outdoor flow, this residence offers a rare combination of comfort, performance, and architectural distinction in one of Plant City’s most established neighborhoods.
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.
