Discover the chance to enjoy the peaceful Country Life on 1.16 acres of quiet, tranquil land. The property is completely fenced with a chain link front and a privacy fence surrounding the entire back, offering a cozy and secure environment. Conveniently located close to everything, with easy access to Tampa, and just a short drive west to Brooksville and Spring Hill, or east to Clermont and Orlando. The famous Flea Market is only minutes away! There's even the possibility to rezone this property to agricultural, which is a fantastic bonus. This charming home, built in 2005, is ready for your personal touch. You can choose your own colors, appliances, and flooring to make it truly yours. It boasts 3 bedrooms, 2 bathrooms, and a versatile den that could serve as a home office or an extra bedroom. The oversized 3-car garage includes a 220 hookup, perfect for hobbies or additional storage. Offering just under 2000 sq ft, the home features a thoughtful split floor plan, providing privacy in the primary suite with a large en suite bathroom and his & hers walk-in closets. All bedrooms have spacious walk-in closets, and the home features 36-inch pocket doors throughout. The kitchen is spacious with an eat-in bar, plenty of counter space for holiday baking, and cabinets for ample storage. It connects to a generous laundry room with a laundry tub. Energy-efficient upgrades include a solar system for the 80-gallon water heater, attic fan, double-pane tinted windows, a new drain field in 2020, and an A/C system installed in 2014 with handler fan. The circular driveway offers plenty of parking space for vehicles, boats, RVs, and toys. This property truly has the potential to become your dream home—customized to your liking. Call today to schedule a showing! All measurements are approximate.
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.
