1202 Forestwood Dr, Oldsmar, FL 34677
2 beds · 2 baths · 1,300 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Under contract-accepting backup offers. One or more photo(s) has been virtually staged. Welcome to this immaculate 2-bedroom, 2-bath, with a spacious bonus room, located inside the peaceful Hamlets of Forest Lakes, in the heart of Oldsmar. This beautifully maintained home offers comfort, style, and convenience in a desirable location just minutes from stunning Gulf Coast beaches and a variety of shopping and dining options. Step inside to discover brand-new luxury vinyl tile (LVT) flooring installed in 2025, adding a fresh, modern feel throughout the living areas. The home also features a recently painted exterior, giving it great curb appeal. Major system upgrades provide peace of mind, including a high-efficiency AC system (permitted in 2024), a dimensional HD roof installed in 2021, and an updated water heater from 2018. An extra bonus room has been added on, offering flexible space that can be used as a home office, playroom, gym, or guest area. The kitchen comes fully equipped with all major appliances including the refrigerator, range, dishwasher, plus a washer and dryer—all staying with the home. Located near popular beaches, parks, and convenient shopping centers, this home is perfect for those seeking a mix of relaxation and accessibility. With a low HOA fee of only $35 monthly; Don’t miss your opportunity to own this upgraded and move-in ready home in one of Oldsmar’s most inviting neighborhoods!
Source: STELLAR #W7874493
Source: STELLAR #W7874493
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.