CHARMING VILLA ON PEACEFUL CUL-DE-SAC IN VILLA LARGO COMMUNITY | Welcome to this inviting single-story villa nestled on a quiet cul-de-sac in the desirable Villa Largo community, one of only twenty-six homes on a private road. This thoughtfully designed home offers the perfect blend of comfortable living and low-maintenance lifestyle, ideal for those seeking a move-in ready property in a well-established neighborhood. Step inside to discover an open floorplan with soaring vaulted ceilings that create an impressive sense of space throughout the living and dining areas. The kitchen showcases solid wood cabinetry with abundant storage, a convenient pantry, and a full complement of appliances including refrigerator, washer, and dryer. Ceramic tile flows elegantly throughout the main living spaces, while plush carpeting adds warmth and comfort to all three bedrooms. The home’s outdoor living space is truly a highlight, featuring a covered and screened patio perfect for enjoying Florida’s beautiful weather year-round. An irrigation system keeps the landscaping lush with minimal effort, while the attached one-car garage provides convenient covered parking and additional storage. Interior comforts include central air and heat, ceiling fans throughout, and practical touches like a water softener and disposal. Villa Largo offers an exceptional community lifestyle with incredibly reasonable monthly fees that cover grounds maintenance, common area taxes, private road upkeep, and trash service. The intimate nature of this exclusive twenty-six home enclave creates a true neighborhood feel where residents know their neighbors. The community features sidewalks for evening strolls with your family and pets. The location provides easy access to public transit while maintaining the tranquility and privacy of this special community, and is just a 10-minute drive from Tampa International Airport, Raymond James Stadium, and ZooTampa. This is a wonderful opportunity to enjoy convenient single-story living in a friendly, well-maintained community. Contact us today to schedule your private showing and experience all this lovely villa has to offer!
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.
