Welcome to refined living in this expansive 2020 Lennar Concord model located in the desirable Belmont West community. This thoughtfully designed two-story home offers 6 bedrooms and 3 bathrooms across 2,614 square feet of comfortable, well-planned space. The open-concept kitchen features rich cherry wood cabinetry and flows seamlessly into the dining area and spacious living room, creating the perfect setting for everyday living and entertaining. Just off the kitchen, you'll find a versatile first-floor bedroom with its own private bathroom - ideal for guests, a home office, or multi-generational living. Upstairs, a generous loft provides additional living space, accompanied by five well-sized bedrooms and a conveniently located full laundry room. A two-car garage and fully fenced backyard add both function and privacy, making this home as practical as it is inviting. Your new home in the Belmont West community features many resort-style amenities including serene walking trails perfect for jogging, walking, and bike riding alongside miles of pond views. Residents enjoy access to a clubhouse with gated entry to two oversized swimming pools, as well as a tennis court, basketball court, dog park, picnic area, fire pit, and playgrounds. The community also hosts seasonal events and features local food truck vendors on a weekly basis. Enjoy convenient access to restaurants, shopping, golf, family entertainment, top-rated medical and dental centers, and schools all within two to five miles. This home is truly a commuter's delight with easy access to I-75, U.S. Hwy 41, Sun City Center, Ruskin, Riverview, and Tampa. Plus, Ruskin is just a short drive from award-winning beaches and some of the best fishing in the area. Call today to schedule your private showing.
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.
