If you’re looking not just for a home but a lifestyle, this beautiful, spacious home in the all-ages gated Esplanade of Tampa is for you. Crafted with Taylor Morrison’s signature quality, 8613 Grand Alberato Road allows you to relax and enjoy the space inside and out. Let’s start outside where you’ll look forward to peaceful mornings and evenings on the extended lanai with freshly sealed pavers. Watch the clouds float by or listen to the birds in the conservation area directly behind the home. From there, choose how you want to enter through two sets of sliding doors. Inside, you’ll find 3 bedrooms, 3 full bathrooms, and an office with glass French doors, allowing for a private office, den, hobby room, whatever you like. Two of the bedrooms have ensuite bathrooms, including, of course, the spacious primary retreat with walk-in shower, dual vanities, and cavernous closet. The kitchen comes equipped with generous counterspace, 42 inch maple cabinets with plenty of storage above and below. Get creative on the gas cooktop and stay hydrated with a water purifier and reverse osmosis system. The open floorplan flows from the front door, past the secondary bedrooms and office, and into the generously sized living room, dining room, and kitchen area. The space makes entertaining easy and includes built-in speakers for the audiophile in the home. High ceilings, with tray features in the living room and primary bedroom and crown molding in the main living areas elevate the space. Lawn maintenance is included here and the home has a fresh coat of exterior paint. Esplanade of Tampa has an active clubhouse with amenities you’ll actually use: a beautiful pool, tennis and pickleball, dog park, shuffleboard, fire pit, well-appointed fitness center, and walking trails allow you the opportunity to be active…or just head back to your lanai and relax there. There’s no CDD here and you’re close to so much of what you’ll want and need for day-to-day living. You’re close enough to shopping, medical, I-75, entertainment options, and more to make going out easy, but you’ll definitely look forward to coming home to this well-maintained home and community. Schedule your showing to see for yourself the lifestyle this property allows you to have and pursue.
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.
