Virtually Staged. Rare Seminole property with the space, flexibility, and Florida lifestyle buyers keep chasing and almost never find. Set on an oversized 0.3143 acre lot with mature tropical landscaping, private well irrigation, a producing mango tree, a huge pool, and an expansive pool deck, this well-cared-for 3 bedroom, 2 bathroom home delivers the kind of usable space that simply does not show up every day. Inside, the home offers oversized rooms, generous closet space throughout, a spacious primary suite with walk-in closet, and an open kitchen-to-living-room layout that creates a comfortable natural gathering space without wasting square footage where nobody actually lives. The floor plan feels easy, practical, and wide open where it counts. The flexible spaces are where this property really starts separating itself from the usual Seminole inventory. The upstairs bonus area is ideal for a utility room, playroom, home office, media room, homework zone, hobby room, storage room, or quiet retreat. Off the pool deck, the detached garage includes additional air-conditioned bonus space that can serve beautifully as a home gym, studio, office, game room, music room, craft room, workshop office, guest overflow space, or the private escape every busy household secretly needs. And then there is the lot. This is the unicorn. There is serious room here for car collectors, workshop machinists, tradespeople, home gyms, tools, toys, trailers, project cars, kayaks, bikes, boards, and all the glorious stuff that makes a home feel genuinely useful instead of just staged cute for the internet. Larger households, multi-generational living needs, frequent guests, hobbies, and work-from-home lifestyles all have room to breathe. Out back, the pool and oversized deck create a private resort-style setting surrounded by established landscaping, shaded sitting areas, mature trees, open yard space, and that relaxed Old Florida. Located close to Gulf beaches, Seminole shopping, restaurants, parks, and an easy drive to downtown St. Pete, this one delivers location, lifestyle, land, pool, storage, bonus space, workshop potential, and room to actually live. Not another postage-stamp lot with a patio pretending to be a backyard. This is the real thing.
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.
