One or more photo(s) has been virtually staged. Paradise awaits you with this waterfront home and boat lift! Enjoy 79 ft of water frontage located on the Little Manatee River inlet with direct access to Tampa Bay! With no HOA or CDD, you get to enjoy the luxury of limited property restrictions saving you money! Complete with hurricane shutters, this fabulous home was built on pilings to elevate the stately residence well above sea level to provide additional protection from the occasional Florida storm and to keep the flood premiums low! From the moment you arrive, you will be greeted with double driveways that offer plenty of additional parking. A grand stairway entrance and wraparound porch with a gorgeous stained glass double door entryway welcomes you into this spacious 3 bedrooms, 2 bathroom home. As you enter the bright Great room full of windows and views of the canal you will appreciate the high ceilings, the gorgeous tile, vinyl floors, and plantation shutters that add the Florida style to this fantastic floorplan. Designed to offer privacy as well as function, the split bedroom plan places the roomy master suite on one side of the home and the two guest bedrooms and bathroom on the adjacent side. The master suite is a private escape of its own to enjoy offering views of the canal, access to the huge back patio portion of the wraparound porch as well as double master closets, an ensuite with separate vanities, a large tub, a Roman shower, and a separate water closet! When not camping out in the master, enjoy cooking in the kitchen that is nestled in the back of the home so the cook can enjoy all the beauty of the property but still be able to hide a mess if unexpected guests stopped by! There are plenty of large cabinets set off by ample tasteful Florida-style solid surface countertops. Storage in this kitchen includes a large pantry and utility closet. The washer & dryer are located in the utility closet in the kitchen but can easily be moved downstairs if preferred. On the front side of the home, you will find a dining room just off the Great room offering additional entertaining space. On the opposite side, the floorplan offers a guest bathroom and two guest rooms, one currently being used as an office with double door entry and built-in shelving offering additional storage. If work isn't on your mind anymore, the room can be easily transformed back into a bedroom. The alternate guest bedroom located at the back of the home offers views of the canal through the sliding door with access to the wrap porch. Need more space? This home has it! Downstairs you will find a palette to do as much as your imagination can create, a double garage with a total sq ft of 1597! The possibilities are endless for a home gym, game room, craft space, workshop, or anything else you can dream up. Don't forget to bring your boat! This home has a huge covered boat lift with a wraparound dock complete with power and water! Fish at night right in your own backyard or take the boat out, it's your choice at this property! For the days you don't feel like being on the water, the large fenced backyard with an expansive paver brick patio offers a fabulous place to relax or entertain. Take in the beautiful sunsets from the porch, dock, or interior of this dream property! Don't be afraid of the stairs, there is a lift! This home has it all to make your dream of waterfront living a reality! Just minutes from Bahia Beach, EG Simmons Park, and I75! This home will not last! Roof new 2025!
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.
