Highly sought-after 2-bedroom villa in the desirable Bay Towne West community of Safety Harbor. Tucked away on a quiet dead-end street, this home offers a private backyard with peaceful pond and fountain views—perfect for enjoying Florida’s beautiful sunsets. Built with solid block construction and located in a non-flood zone, this villa provides both durability and peace of mind. Recent updates include a brand-new A/C (2025), fresh interior paint, and a new bedroom window. NEW ROOF installed 3/2026! The spacious Florida room adds approximately 200 square feet of additional living space and features skylights and a ceiling fan. This light-filled retreat overlooks the community pond, creating a serene setting for morning coffee or relaxing evenings. The affordable $180 monthly HOA fee includes access to the community pool and spa, exterior painting, lawn care and irrigation, private streets, and cable TV—delivering exceptional value and convenience. Bay Towne West is located less than one mile from downtown Safety Harbor, a charming waterfront town nestled along Old Tampa Bay. Residents enjoy close proximity to distinctive shops, award-winning restaurants, cultural venues, and the renowned Safety Harbor Resort and Spa. The community hosts beloved events such as the Third Friday Festival, seasonal art and music festivals, and a vibrant weekly Farmers Market. Outdoor enthusiasts will appreciate being just a few blocks from Philippe Park, offering walking and biking trails, a boat ramp, fishing areas, and a scenic waterfront beach. Nearby Safety Harbor City Park spans 21 acres and features playgrounds, volleyball courts, baseball fields, a skate park, and paddleboarding. Ideally positioned between Clearwater, Tampa, and St. Petersburg, this home is just 16 miles from Tampa International Airport and 12 miles from the world-famous shores of Clearwater Beach. This villa presents a rare opportunity to enjoy low-maintenance living in one of Pinellas County’s most charming and vibrant communities.
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.
