LOVE WHERE YOU LIVE! Located in the exclusive enclave of St. Andrews of Pebble Creek Village, this Custom-Built property offers refined Mediterranean-inspired Living amid mature trees and landscaped surroundings that foster a Welcoming Community atmosphere. The residence has undergone Substantial Upgrades to enhance both its Indoor and Outdoor Spaces, resulting in a luxurious and functional home! Upon entry, the Open Floor Plan is immediately noticeable, featuring abundant Natural Light, Lofty Ceilings, and Transom Windows. The central Great Room includes a built-in Entertainment Bar and overlooks the well-appointed Outdoor Living area. The Gourmet Kitchen is equipped with Custom Cabinetry accented with Crown Molding, Soft-Close Doors and Drawers, a centralized Island with Dual-sided Storage, Granite Countertops, a Contemporary Backsplash, Stainless Steel Appliances, a Walk-in Pantry and a Café-style Dining Space. The Formal Dining Room, highlighted by Cove Lighting, provides an ideal setting for hosting gatherings and special events. Luxury Vinyl Flooring extends throughout the home, contributing to a Cohesive, Modern Aesthetic. The Primary Suite offers tranquil Outdoor views, Crown Molding, a Beamed Ceiling and a Spa-inspired Ensuite with a large Walk-in Shower, Dual Vanities, and a custom designed Walk-in closet. Additional amenities include an Interior Laundry Suite with Cabinet Storage and a tastefully designed Guest Bath on the Main Level. The Upper Level features an Open Loft overlooking the lower living areas, Two Secondary Bedrooms sharing a spacious Split Bathroom, and a Fourth Bedroom with a Private Ensuite and ample Closet Space - suitable as an Additional Primary Suite or flexible Bonus Room. Recent enhancements encompass replacement of the Tile Roof, Windows and Glass Sliders, a Full Kitchen Remodel, Tile and Luxury Vinyl Flooring, Baseboards, Interior Paint, Lighting, Ceiling Fans, Pool Pump, Pool Heater/Chiller, Pool Automation System, Entertainment Bar Cabinetry and Quartz Countertop, Epoxy Garage Flooring, Garage Door Opener….and so much more! The property also includes a Solar Panel System with Backup Battery Storage for added reliability during power outages. Outdoor Amenities consist of a generously sized Screened Lanai ideal for Entertaining or Relaxing and a Sunlit Pool with Spill-over Spa all surrounded by Lush Landscaping. The location provides convenient access to Major Highways, Commuter Routes, the University of South Florida, vibrant Retail and Dining options, top-notch Medical Facilities, Recreational Venues, Parks, Bike Trails, and numerous Nature Preserves. This exceptional home presents a rare opportunity for discerning Buyers seeking Comfort, Quality, and Convenience in a sought-after neighborhood!
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.
