Recently Appraised at $730,000 | Pool Home on a Corner Lot | ~1.5 Miles to the Gulf Beaches | Buyer Concession Available Experience the perfect blend of space, flexibility, and coastal living in this beautifully remodeled 5-bedroom, 3-bathroom pool home offering approximately 2,306 square feet of bright and comfortable living space in one of Seminole’s most desirable locations. Situated on a spacious corner lot just minutes from the Gulf beaches, this home delivers both lifestyle and value with a recent appraisal of $730,000 and thoughtful updates throughout. Inside, abundant natural light fills the open layout, highlighting elegant tile flooring throughout and tastefully updated finishes that create a fresh, modern feel. The spacious kitchen features quality appliances, generous counter space, and a functional layout ideal for everyday living and entertaining. A standout feature of the home is its two private primary suites, each offering walk-in closets and exceptional privacy—perfect for multi-generational living, extended guests, or flexible living arrangements. One suite offers excellent in-law suite potential, with plumbing already in place for the addition of a future kitchenette. Step outside and enjoy your own private backyard retreat, complete with a sparkling swimming pool, fenced yard, and newly installed sod, creating the perfect setting for relaxing, entertaining, and enjoying Florida’s sunshine year-round. Additional highlights include: • Recent appraisal at $730,000 • Approximately 1.5 miles to the Gulf beaches • Spacious corner lot with added privacy • Private swimming pool and fenced yard • Two primary suites with walk-in closets • In-law suite potential with plumbing for kitchenette • Durable metal roof for long-term peace of mind • Fresh new sod and updated landscaping • Driveway parking for up to three vehicles • Tile flooring throughout for easy maintenance • Buyer concession available Conveniently located just minutes from shopping, dining, parks, and top schools including Seminole High School, while still being less than two miles from the stunning Gulf beaches. With its rare five-bedroom layout, dual primary suites, pool, corner lot, and beach-close location, this home offers a combination of space, versatility, and coastal convenience that’s hard to find in Seminole. Schedule your private showing today and experience everything this exceptional home has to offer.
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.
