ARE YOU STILL RENTING?? • SELLER WILL ASSIST WITH CLOSING COSTS • SPECIAL FINANCING IS AVAILABLE • FIRST TIME HOME BUYERS - THIS IS WHAT YOU'VE BEEN LOOKING FOR! • HOME OWNERSHIP IS AFFORDABLE! • MOVE-IN READY • BUILT IN 2023 • THIS IS A HIDDEN GEM! • DESIRABLE GATED COMMUNITY • NO CDD • YOUNG PROFESSIONALS - THIS GREAT LOCATION & 3 YEAR OLD CONDITION WILL CHECK OFF MANY BOXES • WHY PAY TWICE THE PRICE & DOUBLE THE HOA FOR A SMALLER DOWNTOWN CONDO • DOUBLE OWNER SUITES • LESS THAN 5 MILES (10 minute travel time) TO DOWNTOWN TAMPA / CHANNELSIDE / WATER STREET/ BENCHMARK INTERNATIONAL ARENA (formerly Amalie Arena) • BIKING DISTANCE TO TAMPA RIVERWALK • HOA INCLUDES Internet / Cable TV / Landscaping and Lawn Maintenance / Community Pool / Water / Roof Insurance • A short Uber drive from Tampa's Hotspots and just minutes to the Crosstown Expressway • This Super Spacious Townhome Boasts over 1700 sq ft • 2 Primary Suites (Each with a Full Private Bathroom) • Open-Concept Design that blends the Kitchen, Dining Area, and Main Living Space • Half Bath on main level for your Guests • An Enormous 10x27 Tandem Garage • Space for a Workshop or Gym (Add a Mini-split AC for an Optional Office) or a large Storage Area • Outside Door Access in Garage • Additional Outdoor Living on the Rear Lanai (Newly Screened-in) • You can enjoy your morning coffee • An evening with a relaxing beverage of choice • Shaded by Beautiful Oak Trees • Palms • Landscaping • This Home Features Ceramic Tile throughout the Main Living Area, Dining Area, and Kitchen • Stainless Steel Appliances, Newly Painted White Cabinets • Granite Countertops in the Kitchen and All Bathrooms • Undermount Sinks • Upgraded Faucets • Designer Light Fixtures • Upgrades include Cabinets in the Convenient Third-Floor Laundry Room • Fans Throughout • Keyless Entry • Newer Constructed Home includes Limited Transferrable Builder Warranty and ALL the most current Hurricane Reinforcements Equals Lower Homeowner's Insurance • This Outstanding Location is a Short Distance to many Attractions • Benchmark International Arena • Tampa Riverwalk • Sparkman Wharf • Water Street • Ybor City • Raymond James Stadium • Curtis Hixon Park • Straz Center • Harbor Island • Tampa General Hospital • Just Minutes Away from the Crosstown Expressway • I-4 • I-275 • An easy commute to MacDill Air Force Base • Close to ALL the Beautiful Florida Beaches • DON'T WAIT!! • Schedule A Private 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.
