PRIME NEW TAMPA LOCATION, LOCATION, LOCATION!! In the Highly Sought After Gated Enclave of The Hammocks Townhomes! Possible 3.37% Assumable FHA Loan for Qualified Buyers. Even Conventional Buyers may want to choose this option to take advantage of the lower rate. ABSOLUTELY IMMACULATE!! SUPER, SUPER CLEAN 2 BED, 2 1/2 BATH TOWNHOME with Large Private Fully Fenced 16X9 Patio and Backyard!! This Townhome is PRISTINE!! **BRAND NEW A/C OCT '23**, **NEW LVP STAIRCASE & UPSTAIRS FLOORS**, **NEWLY SEALED CERAMIC TILE FLOORS DOWNSTAIRS & IN ALL BATHS**, **NEW INTERIOR PAINT**, *** NO CARPETING ANYWHERE*** & A PET FREE NON SMOKING HOME!! Well appointed unit with *BEAUTIFUL PECAN SOLID WOOD CABINETS THROUGHOUT with Crown Molding*, Staggered Kitchen Layout, Granite Countertops, Stainless Steel Appliances, Undermount Deep Kitchen Sink with Pull Down Sprayer Faucet. *8 FEET OF BAR TOP SEATING*!! LARGE ENTRY PANTRY & STORAGE CLOSET. 1/2 BATH DOWN & 2 PRIMARY SUITE LAYOUT UP!! LIVING AREA Open to the Kitchen. French Door to Large Fully Fenced Backyard & Patio! This Townhome is Beautifully done! Large PRISTINE SHOWERS IN BOTH PRIMARY SUITES. 2" WOOD BLINDS THROUGHOUT, TALL 9'2" CEILINGS, CEILING FANS THROUGHOUT, PREWIRED in Wall TV Wiring in Living Room. All APPLIANCES INCLUDED, INCLUDING WASHER AND DRYER. Charming Front Patio to space to make your entry your own!! HOA includes, the Gated Access, Pool, ALL EXTERIOR MAINTENANCE IS COVERED, Exterior Painting, Roofing, Frontier Fios 1 GIG INTERNET & VALET TRASH Pick up! LOCATED IN NEW TAMPA PROPER away from the Traffic for ease and tranquility yet still super close to all the Fantastic Wesley Chapel Area has to offer w/Well OVER 100 UNPARALLELED DINING OPTIONS, Nightlife, Rooftop Bar & Lounges, FANTASTIC Shopping, Costco, Sam's, Entertainment & Top Medical Facilities. Convenient off Bruce B Downs and County Line Road to I 75 from Bruce B Downs, SR56 & SR 54 where you can enjoy the Shoppes at Wiregrass, The New Tampa Premium Outlets, The Grove at Wesley Chapel, Krate the super cool Venue offering dozens of Restaurants, Shopping & Entertainment with an outdoor venue for LIVE CONCERTS, Watch Parties & More, FARMERS MARKETS, ANTIQUE CAR SHOWS & MORE! The Largest Ice Rink in the Southern US, Close to The First Outdoor Winter Snow Park Snow Cat Ridge w/Ice Skating, Tubing and Dining & Entertainment in the Igloo Village. Access to the best Healthcare available with the NEW John's Hopkins Hospital & Florida Medical Clinic Hospital Both Under Construction, Multiple Existing New Advent Health Hospitals, New Existing Bay Care Hospital, Moffitt Cancer Center, VA Hospital & USF Health all nearby! This home is in a prime Tampa Location and has amazing Easy Access to the interstates and all the shopping and restaurants without all the traffic! Quick to Busch Gardens, USF and great access to the Beaches & Downtown straight up either 56 or 54 from this 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.
