**Assumable 3.3% VA Loan available** Welcome to this stunning, better-than-new 4-bedroom plus study, 3-bath upgraded home in beautiful Isles at BayView. Set on a picturesque pond lot enhanced with tropical landscaping & decorative curbing, this craftsman style home features a wide 3-car driveway and an inviting front porch with custom pavers. An 8-foot glass front door opens to a bright entryway and an airy, triple-split floor plan designed for comfort & functionality. Off the entry, two generously sized bedrooms share a well-appointed full bath, while just beyond, a spacious flex room with French doors offers the perfect space for a home office, home gym, den, or media room. Across, the open concept kitchen overlooks a large Gathering Room. Your beautifully appointed gourmet kitchen is thoughtfully designed with 42" cabinetry topped w/crown molding, quartz counters, cooktop w/stainless hood, deep single-bowl stainless sink, subway tile backsplash, & corner pantry. Stainless Whirlpool appliances, including a double wall oven, make cooking a pleasure in this modern culinary space. Adjacent to the Gathering Room, the Dining Room effortlessly shifts from a cozy bonus lounge to the ultimate spot for more formal entertaining. Cozy up for movie night in the Gathering Room with your BEAUTIFUL, CUSTOM built-in entertainment center, mantle, & fireplace. A clever hidden drawer is built right into the mantle, perfectly designed to tuck away remotes & keep your stunning focal point clutter-free! Triple sliders open to your private screened lanai, fully equipped with premium 20/20 No-See-Um mesh screens & stylish paver flooring. Step out onto your extended custom pavered patio & soak in the incredible views of the serene pond & conservation backdrop. Flanked by tropical palms, this lush, private backyard sanctuary is perfect for soaking up the Florida sun & even offers room for a future pool! Back inside, the Primary Suite is a peaceful retreat with triple windows showcasing sweeping pond views. The spa-inspired en-suite bath features a floor-to-ceiling tiled walk-in Super Shower, extended quartz vanity w/dual sinks, private water closet, & massive walk-in closet with custom-built ins to neatly organize all of your clothing & accessories. Off the Dining Room, the 4th bedroom functions as a private Guest Suite with its own en-suite bath. Conveniently located off the main hallway, the laundry room features a handy drop zone area just outside & comes complete with a matching Samsung top-loading washer & dryer. Additional notable upgrades include Ring video cameras in front & back of home; Dual MyQ garage door openers; Smart Resideo enabled thermostat; Keyless front door digital lock; Motion sensor lighting; Whole home Titan water filtration system; Custom window treatments throughout; Motorized Remote slider blinds; Custom built-in closets throughout; Whole home gutters; Ceiling fans; Hurricane shutters; Insulated garage w/gym floors/insulated doors/added insulation in attic above garage; Overhead storage racks in garage & more. Situated in highly desirable Isles at BayView, this master planned community's layout is ideal for the outdoor lifestyle with amenities including a resort-style pool, clubhouse w/game room, dog park, scenic walking paths, and playground. Just minutes from world-class shopping, dining, entertainment, and Gulf Coast beaches, with quick & easy access to I-75 and the Sunshine Skyway.
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.
