Get ready to fall in love with this historic three-bedroom, two–full bath home with a BONUS ROOM—an exceptional blend of old Florida charm and modern-day comfort! Originally crafted in 1918 as the farmhouse for a pecan grove, this property carries a rare piece of local history, with a thoughtfully added second story completed in 1970. Set on an oversized 105x116 corner lot, the home is framed by majestic pecan and oak trees that create a peaceful, park-like atmosphere from the moment you arrive. The long expanded driveway, covered carport, large workshop, and additional space for RV, boat, or trailer parking allows outstanding versatility for storage, hobbies, and creative projects—not something you’ll easily find elsewhere. Out back, the fully fenced yard includes both an elevated wood deck and a lower deck, providing multiple outdoor spaces for relaxing, gathering, or entertaining beneath the shade of mature trees. Inside this 1,796 sq. ft. home, you are greeted by polished wood floors glowing with natural light from updated double-paned windows. To your right is a nicely sized bonus room—ideal for an office, gym, playroom, or guest space. The inviting living room features warm original wood flooring, abundant natural light, and a comfortable layout perfect for everyday living. A wide pass-through keeps the living and dining spaces feeling connected, open, and airy. Your attention is then drawn to the beautifully crafted wood staircase leading to the second floor, a special architectural detail that adds depth and character to the home’s interior. Beyond the living room, the bright galley-style kitchen has ample counter space and cabinetry, while the incredibly spacious walk-in pantry provides storage rarely found in a home of this era. Upstairs, you’ll find well-proportioned bedrooms with natural light, wood floors, and charming details—a comfortable retreat that complements the home’s historic personality. This home is the kind that stops you in your tracks—a rare combination of history, curb appeal, warmth, and potential. Located close to Sandy Lane Elementary and Dunedin Highland Middle School, and just minutes from Edgewater Drive Park for nightly sunsets. You’re also only an eight-minute drive to Main Street in Dunedin, where you’ll find waterfront dining, live entertainment, and boutique shops. And of course, just a short drive to world-famous Clearwater Beach. A one-of-a-kind property with a story, room to grow, and a setting that feels like old Florida—don’t miss your chance to make it yours.
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.
