Welcome to a truly rare opportunity in the heart of Seminole. Situated on an expansive 2.87 acres of waterfront land, this exceptional property at 13798 74th Ave offers the perfect blend of privacy, space, and location — something that is increasingly difficult to find in Pinellas County. Located in a highly desirable area of Seminole, this property is just minutes from top-rated schools, shopping, dining, and only 5 minutes to the Gulf beaches, allowing you to enjoy coastal living while still having the freedom of a large estate-style setting. Positioned in an unincorporated area, this property offers flexibility and opportunity for those looking to build their dream home exactly to their vision. With nearly three acres at your disposal, the possibilities are endless — whether you envision a private family compound, luxury estate, or a custom home with room for additional structures, gardens, or recreational space. A standout feature is that the property is zoned for horses, making it ideal for equestrian enthusiasts or anyone seeking a lifestyle with more land and fewer restrictions than typical residential parcels in the area. The seller has already completed extensive permitting work with the county regarding the waterfront, including steps toward installation of a dock. While the water would need to be dredged to accommodate boat use, much of the groundwork has already been addressed, offering significant value and saving future owners time and effort. Large waterfront parcels of this size in Seminole are extraordinarily rare. Opportunities like this almost never become available, especially in such a central location close to the beaches. Whether you’re looking to build now or secure a long-term investment in one of the area’s most desirable locations, this is a property that truly stands apart. Don’t miss your chance to own one of Seminole’s most unique waterfront land offerings — properties like this don’t last.
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.
