Welcome to your dream home in the gated, resort-style community of The Esplanade. This move-in ready home has an open floorplan with 3 BEDROOMS, a dedicated OFFICE/DEN with french doors, and 3 FULL BATHROOMS. This well-maintained home combines a fantastic functional and LIGHT-FILLED floorplan with quality construction and thoughtful touches that elevate the home: PAVER DRIVE and LANAI, CROWN MOLDING, TRAY CEILINGS, 8 FOOT DOORS and 10 FOOT CEILINGS, DUAL SLIDERS to the lanai, BUILT-IN SURROUND SOUND, EPOXY GARAGE FLOOR, and more. Pass through the GATED ENTRANCE to the community and you’ll notice the EXCEPTIONAL care and maintenance of the neighborhood. Sit back and enjoy true Florida living by taking in the peaceful CONSERVATION VIEW from your EXTENDED, COVERED, AND SCREENED LANAI which has paver flooring and is wired and preplumbed for water and gas for an outdoor kitchen. Once inside the GORGEOUS front door, you’ll find a spacious bedroom, a full bath, and the large OFFICE. This is the kind of room that offers you FLEXIBILITY to use it as you see fit. The beautiful kitchen has ample counter space with thick granite countertops, a HUGE ISLAND with double-sided cabinet storage, stainless appliances with built-in oven and microwave and GAS cooktop. The KITCHEN, LIVING ROOM, and DINING ROOM are the heart of the home and allow for easy daily living or space to ENTERTAIN. The EXTENDED PRIMARY SUITE includes a bay window for a more spacious and functional owner’s retreat with a TRAY CEILING and crown molding adding to the architectural interest. The primary bath features a dual vanity with ample counter space and storage, a walk in shower, separate water closet, and spacious closet. A SECONDARY SUITE allows for privacy and would make an excellent retreat for GUESTS, separated from the other bedrooms for PRIVACY. Built with quality in mind, the home includes a durable TILE ROOF, TANKLESS WATER HEATER, WATER FILTRATION SYSTEM, UV LIGHTING in the HVAC to IMPROVE AIR QUALITY, IN-WALL PEST CONTROL, and HURRICANE SHUTTERS. Even the laundry room is well thought out with plenty of cabinetry and counter space along with a utility sink. Esplanade of Tampa has an active clubhouse with AMENITIES YOU’LL ACTUALLY USE: a beautiful pool, tennis and pickleball courts, 2 dog parks, shuffleboard, fire pit, a 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 with EASY ACCESS to I-75 and 275, top rated hospitals, Wiregrass Mall, Tampa Premium Outlets, dozens and dozens of restaurants and more to make going out easy. But once you’re out, you’ll definitely look forward to coming home to this well-maintained home and community.
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.
