Welcome to a truly rare property where versatility, lifestyle, and intentional living come together in one unforgettable property. Set on a beautifully utilized 9,850 sq ft fenced lot in one of Tampa’s most established and centrally located neighborhoods, this 4-bedroom, 2-bath home is 2,169 square feet of living space, plus a massive air-conditioned Florida room not included in the official square footage—providing exceptional flexibility for entertaining, recreation, work, or relaxation. Beyond the home itself lies something increasingly difficult to find: your own private urban homestead in the heart of the city. Thoughtfully cultivated for both beauty and abundance, the property features a thriving self-sustaining food forest designed to support a more intentional lifestyle—allowing you to harvest fresh produce directly from your own backyard. Enjoy an extraordinary collection of mature edible landscaping including: Lemon, Orange, Tangerine, Coconut Cream Mango, Jackfruit, Mulberry, Fig, Florida Avocado, Sugar Apples, Dragon Fruit, Pineapple, Passion Fruit, Elderberries, Coconuts, Curry Tree, Aloe Vera, and Hawaiian Plumerias. The backyard has been crafted as a true retreat for gathering and memory-making, complete with a massive four-person swing, custom fort, outdoor soaking tub, and expansive yard space—creating an atmosphere that feels more like a private sanctuary than a typical suburban lot. Adding exceptional flexibility is the detached, officially converted 400 sq ft mother-in-law suite with private entrance, full bath, and kitchenette— possible multigenerational living, guest accommodations, private office space, long-term rental income, or Airbnb potential (buyer to verify local regulations). Inside, the home there is granite countertops, warm wood flooring, soaring ceilings in the main living and Florida rooms, abundant natural light, and a spacious walk-in closet, blending character, comfort, and functionality throughout. For homeowners and investors alike, this property provides opportunities for: Intentional family living Multigenerational living House hacking / supplemental income Long-term rental strategies Airbnb potential Conveniently located near USF, Busch Gardens, Adventure Island, Hillsborough River boat launches, state parks, sports complexes, parks, top-rated schools, and major commuter routes, this home is the perfect balance of accessibility and escape. Whether you envision a family sanctuary, an income-producing asset, or a more self-sufficient way of living—this property delivers a lifestyle rarely found within city limits.
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.
