One or more photo(s) has been virtually staged. Welcome to this spacious 3-bedroom, 2-bath home offering nearly 2,600 sq. ft. in the highly desirable Asbel Creek community! Situated on a quiet cul-de-sac with only one neighbor to the left and no rear neighbor, this property offers exceptional privacy. Enjoy the fully fenced yard and large covered screened lanai, perfect for relaxing or entertaining outdoors. This beautifully designed 2-story home offers generous living space with high ceilings, crown molding, and carpet-free flooring throughout, with a modern open-concept layout. The kitchen features 42" wood cabinets, an eat-in area, and newer stainless-steel appliances, including a French door refrigerator, microwave, and dishwasher. For the chef in the family, the kitchen also includes two built-in ovens, providing exceptional convenience for meal preparation. The kitchen flows seamlessly into the main living area, creating the perfect space for both everyday living and entertaining. The private owner's suite is thoughtfully positioned at the back of the home and showcases a double tray ceiling, walk-in closet, and a walk-in shower with dual showerheads. Two additional bedrooms and a full bath are located at the front of the home, one featuring large windows offering abundant natural light. Upstairs, you'll find a huge bonus room–a dream space you can transform into anything you desire, whether it's a media room, playroom, home gym, or creative studio. Residents of Asbel Creek enjoy community amenities including a playground, basketball court, sand volleyball, and a dog park. Plus, benefit from no CDD fee, a low HOA of only $56.67/month, and no flood insurance required. Conveniently located near top-rated schools, golf courses, restaurants, entertainment, Tampa Premium Outlets, The Grove, and Wiregrass Mall. With easy access to I-75, I-275, and the Veterans Expressway provides quick travel to Downtown Tampa, Tampa International Airport, and the stunning Gulf beaches, less than an hour away.
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.
