Welcome to the heart of Historic Kenwood, one of St. Petersburg’s most beloved and character-filled neighborhoods. Known for its charming brick streets, towering shade trees, and vibrant sense of community, Historic Kenwood offers a lifestyle that’s as inviting as it is unique—where neighbors become friends and every street tells a story. This beautifully updated home perfectly captures that spirit, blending timeless historic charm with today’s modern comforts. Step inside to an open, light-filled layout where the renovated kitchen becomes the centerpiece of the home—featuring sleek quartz countertops, stainless steel appliances, and abundant storage. The oversized island not only provides additional cabinetry but also serves as a natural gathering place, seamlessly connecting the kitchen and living areas for effortless entertaining. Just off the kitchen, a versatile bonus room creates the perfect space for a second living area, home office, or cozy retreat. Outside, the fully fenced backyard is designed for enjoying Florida living—offering plenty of room to entertain, garden, or relax, along with two storage sheds for added convenience. A rare attached one-car garage and extended driveway provide valuable parking options, a true bonus in this historic neighborhood. Thoughtful updates bring peace of mind, including a new roof (2022), kitchen renovation (2025), vinyl plank flooring, updated insulation and ductwork, and a new well pump for irrigation (2023). What truly sets this home apart is its location. Living in Historic Kenwood means embracing a lifestyle where you can walk, bike, or even golf cart to the lively Grand Central District—home to local cafés, coffee shops, art galleries, boutique shopping, and some of St. Pete’s best dining and nightlife. With easy access to downtown St. Petersburg and I-275, you’re never far from everything the city has to offer, while still enjoying the charm of a close-knit, historic community. With its rich character, modern updates, and unbeatable neighborhood, this is more than just a home—it’s a chance to own a piece of St. Petersburg history and truly love where you live.
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.
