Welcome to this beautifully renovated ranch-style home nestled on a rare half-acre corner lot in the highly desirable Pat Acres community. Full of charm, character, and thoughtful upgrades, this 3-bedroom, 2-bathroom home perfectly blends timeless design with modern finishes, all in a prime location close to everything Tampa has to offer. From the moment you arrive, the inviting curb appeal stands out with a freshly painted exterior, updated landscaping, mature trees, and welcoming front elevation. Inside, a spacious formal living room filled with natural light features custom built-in window bench seating, updated trim work, and luxury vinyl plank flooring that flows throughout the home. The warm and inviting family room centers around a stunning wood-burning brick fireplace and oversized picture window, with direct access to the screened lanai for effortless indoor-outdoor living. Open to the family room is the fully renovated kitchen and charming breakfast nook, tucked into a cozy alcove with a large picture window, exposed wood beam accents, custom bench seating, and built-in shelving. The galley-style kitchen showcases quartz countertops, custom cabinetry with glass-front uppers, open shelving, farmhouse sink, electric cooktop, and double Bosch ovens. A spacious formal dining room nearby provides the perfect setting for entertaining. Two generously sized secondary bedrooms feature walk-in closets, abundant natural light, and easy access to the beautifully updated guest bathroom featuring a custom wood vanity, quartz countertops, matte black fixtures, backlit mirror, floor-to-ceiling green tile, rainfall-style shower fixtures, white penny tile flooring, and floating wood shelves. The primary suite serves as a peaceful retreat with a spacious walk-in closet and a stunning ensuite bathroom featuring mosaic tile flooring, soft blush-pink glass tile, vintage-inspired brass fixtures, oversized rainfall shower head, custom wood vanity, quartz countertops, and a modern backlit mirror. Additional upgrades include updated door frames and baseboards, upgraded fans and lighting, antique crystal doorknobs, solar panels for energy efficiency, and a 2025 HVAC system for added peace of mind. Step outside to enjoy the screened lanai overlooking the oversized backyard filled with green space and endless possibilities. Two detached sheds provide additional storage, while the half-acre lot offers plenty of room for entertaining, gardening, or even a future pool. Conveniently located near the Veterans Expressway, Tampa International Airport, downtown Tampa, shopping, dining, and everyday conveniences, this move-in ready home offers the perfect combination of character, modern updates, and an unbeatable location.
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.
