Beautifully updated 3-bedroom, 2-bath home located in desirable Belleair Bluffs, just minutes from pristine Gulf beaches, golf courses, shopping, and entertainment. This home features a well-appointed kitchen with maple cabinetry in a rich cherry finish, granite countertops, an undermount stainless steel sink, and convenient corner lazy Susan's. All stainless steel appliances are included, highlighted by a propane-fueled double oven range connected to a 250-gallon underground propane tank. Ample storage is available throughout, including a spacious center island. Energy efficiency and durability are standout features, with double-pane argon-filled vinyl windows (installed in 2003), hurricane panels for windows and doors, and owned 4.5 kW solar panels. The home also includes spray foam insulation in the roof deck (2011), contributing to enhanced energy performance and approximately $500 in annual insurance savings. The roof was retrofitted with hurricane clips in 2017, with all rafters strapped for additional storm protection and further insurance benefits. Interior finishes include bamboo flooring throughout most of the home, with vinyl flooring in the kitchen and recreation room. The expansive 448 sq ft primary suite addition (2013) offers a private retreat, complete with its own high-efficiency 19 SEER mini-split system, extra insulation, three large walk-in closets, and a beautifully designed walk-in shower with glass enclosure. This addition also features a standing seam metal roof and energy-efficient windows and doors. Outdoor living is exceptional, with a 400 sq ft covered and screened patio (2016), an additional 12 x 20 open patio, and an impact-rated sliding glass door ( 2018 ) from the recreation room providing seamless access to the rear screened in Patio . Additional highlights include: Water Heater 2026 Electrical Panel 2002 HVAC system (2018) Flat roof replacement (2026) Wired for a whole-home generator and plumbed for propane. 30 amp RV hook up RV or trailer / boat storage area. This meticulously maintained home offers comfort, efficiency, and peace of mind in a prime location. Schedule your private showing today.
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.
