One or more photo(s) has been virtually staged. Experience the perfect blend of historic character and modern reliability in this meticulously updated 1918 Bungalow, situated on a classic red-brick paved street in the heart of West Tampa. From the moment you step onto the expansive, Bayshore-inspired front porch, you are greeted by an interior that feels both grand and inviting, featuring soaring ceilings that exceed 9’5”-11' throughout and a seamless open floorplan bathed in natural light. The gourmet chef’s kitchen serves as the home's centerpiece, boasting 11’ ceilings, a massive social island, and premium slow-closing wood cabinetry. Sophisticated marble backsplashes and granite countertops are paired with a full suite of stainless steel appliances, providing a high-end culinary experience. The home’s quality is anchored by a comprehensive 2020 renovation, which included a full roof replacement, updated plumbing and electrical systems and panel, and a new HVAC unit. Luxury vinyl flooring flows through the main living areas, leading to a spa-like Primary Suite featuring double vanities, marble finishes, and a glass-enclosed walk-in shower. Outside, the privately fenced backyard offers a secure retreat with a newer irrigation system and plenty of space for entertaining or a future pool. Owner's Top 5 Favorites: Life in West Tampa: The "West Riverwalk" Connection: Within a short bike ride, you can access the newly expanded riverfront trails that connect West Tampa directly to the bustling energy of Downtown and Armature Works. Morning Coffee & Local Eats: The neighborhood is home to a growing collection of authentic cafes and diverse restaurants, offering a rich culinary scene just minutes from your front door. Proximity to Midtown Tampa: Enjoy the convenience of high-end shopping and organic groceries at the nearby Midtown development, which has brought a new level of luxury and amenity access to the immediate area. Outdoor Lifestyle: Whether it’s a morning jog at MacFarlane Park or catching a game at Raymond James Stadium, this location puts the best of Tampa’s recreation and entertainment within easy reach. Historic Character & Quiet Streets: There is a unique pride in living on a classic red-brick paved street where the historic architecture of the 1900s meets the modern vibrancy of a neighborhood on the rise. Located 5 minutes from the premier dining and retail at Midtown Tampa and the upcoming West Riverwalk extension, this residence offers a "walk and bike" lifestyle near MacFarlane Park and Raymond James Stadium. Only 3 miles from Tampa International Airport, 3 miles from Downtown Tampa, only 20 miles from Clearwater Beach! With no HOA or CDD fees and a location in the desirable Flood Zone X—where flood insurance is typically not required—this move-in-ready home offers an exceptional financial and lifestyle value in one of Tampa’s most historic and rapidly growing neighborhoods.
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.
