Step into timeless Florida elegance at 1125 11th Avenue North, a distinctive two-story Spanish/Mediterranean residence nestled in the highly desirable Euclid St. Paul neighborhood. The neighborhood sits on some of the highest ground in St. Petersburg for added peace of mind. Rich in historic character yet thoughtfully updated for modern living, this charming home offers 3 bedrooms, 2.5 bathrooms, 2,289 square feet, a private pool and an attached garage that blends convenience with the home’s timeless Mediterranean appeal. A welcoming entry foyer with mosaic terracotta-style flooring sets the tone for the home’s historic Spanish/Mediterranean character and introduces an interior filled with warmth, charm and natural light. Original hardwood flooring flows throughout much of the home, complemented by inviting architectural details including a wood burning fireplace. The updated kitchen features high-end stainless steel appliances, which includes a Monogram refrigerator, Bosch dishwasher, and Dacor induction range. A formal dining room, convenient downstairs powder room, laundry room and flexible bonus room—ideal as a private office, den or creative space—complete the main level. Upstairs, all three bedrooms offer privacy from the home’s gathering areas. The spacious owner’s suite includes an updated private bathroom and two separate closet spaces, while a second updated full bathroom serves the additional bedrooms. Outdoors, this property truly shines as a private Florida retreat designed for year-round entertaining. The newer swimming pool is framed by beautifully maintained tropical landscaping, creating a resort-style setting that feels both relaxing and refined. Multiple outdoor living areas offer space to gather, dine, lounge and unwind—from the covered seating area to the pergola lounge and open-air patio spaces surrounding the pool. Whether hosting friends, enjoying quiet mornings outside or ending the day under the Florida sky, the backyard delivers the kind of indoor-outdoor lifestyle luxury buyers come to St. Petersburg to experience. An irrigation system that uses reclaimed water and oversized paver driveway adds convenience and functionality. More than a beautiful home, this is an opportunity to experience one of St. Petersburg’s most welcoming and character-filled communities. Euclid St. Paul is known for its distinctive historic homes, tree-lined streets and active neighborhood spirit, with beloved events such as Halloween Haunted Hikes, porch gatherings and community activities that create a true sense of place. The neighborhood is located close to downtown, parks, dining and convenient to I-275 for easy access to the beaches and airports.
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.
