Versatile 3-bedroom, 2-bath home situated on over an acre of land with desirable AR2 zoning, perfect for home-business or investment. Sunshine Grove Road in Brooksville is entering a period of rapid change, with a clear timeline of development already unfolding. In 2023 and 2024, Hernando County approved the Sunshine Grove Road Multilaning Project, which will expand the corridor from two lanes to four lanes between Ken Austin Parkway and Hexam Road. This project was initiated to handle rising traffic volumes and prepare for future growth. During the same period, rezoning requests began for several parcels along the road, including nearly five-acre lots across from Spring Ridge being shifted to neighborhood commercial use. Currently, many parcels continue rezoning processes, and traffic counts exceeding 14,500 vehicles daily are increasing commercial viability. Surrounding communities are expanding, with more than 10,000 new homes planned in the area, creating demand for retail, schools, and services. Between 2026 and 2028, the completion of the road widening project will significantly improve traffic flow and accessibility, encouraging more commercial investment. The Sandal Key Metro Lagoon, located just 2.5 miles away, will be fully operational, drawing families and boosting residential demand. Early phases of mixed-use developments on rezoned parcels are expected to break ground, likely including shopping centers, restaurants, and office spaces. From 2029 through 2035, Sunshine Grove Road is anticipated to evolve into a major suburban-commercial corridor, similar to Spring Hill Drive or Cortez Boulevard. Housing developments will mature, with thousands of new residents fueling retail and service growth. Long-term plans may include community hubs, medical offices, and larger retail complexes, supported by the widened roadway and high traffic counts. This timeline shows how Sunshine Grove Road is transitioning from a semi-rural stretch into Hernando County’s next growth artery, with road expansion, rezoning, and residential development combining to make it a central hub for commerce and community life over the next decade. Permitted uses include: aquaculture, livestock grazing (one mature animal with offspring per acre), poultry and swine for home consumption, horticultural specialty farming, accessory structures, pigeon aviaries, and on-site sales of agricultural products grown on the property. Special exception uses include: home occupations, bed and breakfast establishments, and animal specialty establishments. Seller will consider rezoning for potential commercial buyer, making this property an excellent opportunity for those seeking future commercial development. The single family home could make a great office!
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.
