One or more photo(s) has been virtually staged. Where Every Evening Ends in a Gorgeous Sunset. This home is a front row seat to a daily florida sunset. Perfectly positioned on a rare west facing pond lot in Abbott Park, Zephyrhills, this three bedroom, two bath home captures the best of Florida’s natural beauty, from peaceful morning sunrises out front to breathtaking golden hour sunsets reflecting across the pond each evening. Built in 2022 and still feeling essentially brand new, this home offers peace of mind with no worries about upkeep or maintenance for years to come. It has been cared for with genuine pride, a reflection of owners who truly loved where they lived. The thoughtful single story split floor plan places two bedrooms toward the front of the home, while the primary suite enjoys quiet privacy in the rear, with views of the pond. A dedicated laundry room sits conveniently near the primary suite, keeping chores separate and the garage open for full use or storage flexibility. Relax under the screened in lanai, soak in the heated above ground spa, and take in open water views framed by white vinyl fencing that preserves both privacy and perspective. Every detail, from the landscaping to the natural light that fills each room, tells the story of a home ready for someone new to call it their own. A rare opportunity to own one of Abbott Park’s most picturesque lots, where tranquility, comfort, and pride of ownership come together beneath a sunset sky that never fails to impress. Book your showing 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.
