The warmth and welcoming of this beautiful, gated community is only matched by what you will find in this gorgeous, custom two -story Kensington floor plan, built by Chadwell Homes. Situated on ,93 acres of a nicely landscaped yard. Enjoy mangos, bananas, pineapple, peaches, grapefruit, oranges, avocados, and blackberries that you can pick in your own yard. Spend relaxing evenings while sitting by the fire on the custom outdoor patio. The perfect place to store your RV or boat on a 90 foot driveway that is secured in the fenced in back yard. No need to worry about the high cost of irrigation, because this home has it's own well. The neighborhood has access to Darby Lake and it's own boat ramp and fishing dock. This timeless home provides easy access to The Master Suite located on the main level. The heart of the home is the gourmet kitchen large enough for any gatherings. The second story boast a game room and three additional bedrooms, with one en suite and a jack-n-jill bathroom. For a large group there are 6 covered parking spots, an attached three car garage and a 750 sqft, detached, three car garage. with a four post car lift .The detatched garage was built in 2020 to match the architectural design of the house. Local schools include Strawberry Crest and its renowned Baccalaureate Program. Great location, 5 minutes from the Interstates 4 and 75. TPA is 25 minutes, Disney Land one hour and and easy commute to Tampa and McDill Air Force Base. Comfort , Community, Security, this house check all the boxes. The only items the convey are as follows: Outdoor dining set, umbrella, tv on screened in patio, washer and dryer, security cameras, surround sound speakers and dog kennel.
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.
