This beautifully renovated, move-in-ready 4-bedroom, 3-bathroom, and full 2-car garage home offers exceptional quality in a prime central Pinellas County location. The residence is split to allow flexible living, providing in-law-style accommodation or even potential rental income! Thoughtfully and fully updated within the last five years, the property was designed with efficiency in mind—making it a rare turnkey opportunity. In a NO flood-zone, this home is fully hurricane-ready -- featuring a 2017 50-year dimensional shingle roof with upgraded peel-and-stick water protection and backed by a transferable lifetime warranty. Comfort is ensured with a 2024 central heat and air system for the main house and a recently serviced secondary system for the bonus room and third bath. Impact-rated PGT large-missile windows, shutter protection at the front door, and an insulated metal garage door provide superior storm protection and qualify for insurance discounts. All of the big-ticket items have been taken care of, so you can enjoy long-term peace of mind. The interior offers a highly versatile layout with three full bathrooms and two separate entrances, including a main entry on 72nd Terrace and rear access on 73rd Avenue. An approximately 300 sq. ft. bonus room with a full bathroom and private entrance is ideal for guests, a home office, multi-generational living, or potential rental use. Stunning wood-look ceramic tile flows throughout the home, complemented by solid-wood interior doors, LED lighting, new Sledge & Keswick door handles & deadbolts, and designer ceiling fans. The kitchen and baths all feature exquisite granite countertops, luxury tile, Kohler fixtures and toilets, and updated lighting with vented exhaust fans. The kitchen includes LG appliances, a newer dishwasher, microwave, washer/dryer, USB outlet at the bar, and a top-of-the-line garbage disposal. Electrical upgrades include a 200-amp Square D panel, updated outlets and switches throughout, and GFCIs in required areas. Additional improvements include a whole-house water filtration system and new plumbing shut-off valves at every sink and toilet. The garage offers a fire-rated entry door, kitchen access door, utility sink, a second washer/dryer hookup, an 80-gallon water heater, and a new double-coated epoxy floor. Outside, the home continues to impress with recently painted and sealed interior and exterior surfaces, decorative exterior lighting, motion-activated floodlights, and new front landscaping with solar-lit walkways and reclaimed water service. A new PVC privacy fence with a double rear gate allows easy RV or boat storage and provides ample space for a future pool or spa, along with additional fenced storage. Centrally located, the home offers quick access to I-275 and is just minutes from downtown St. Petersburg, Tampa International Airport, St. Pete–Clearwater International Airport, shopping, dining, parks, schools, and essential services. All of this, and still just a 15-minute drive to the pristine Florida Gulf beaches. Homes offering this level of renovation, flexibility, and location rarely come available. 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.
