Pride of ownership shines throughout this beautifully updated home situated on an oversized 80' x 100' lot in one of South Tampa's most convenient locations. This home has been thoughtfully improved and meticulously maintained for everyday living, with significant investments made both inside and behind the walls for long-term peace of mind. The exterior offers exceptional functionality and curb appeal, featuring fresh paint, all new exterior doors, a large swinging gate with secure parking for a boat or RV, a spacious storage shed, and a whole-home Ring security camera system. Major mechanical and infrastructure updates include a 2022 roof, brand-new water heater, newer (elevated) HVAC system, and all sewer lines re-plumbed to PVC. For added durability, the home's block exterior was waterproofed from the slab up approximately four feet around the entire perimeter. Inside, you'll find designer finishes throughout. The stunning kitchen serves as the heart of the home with premium Café Series appliances, quartz countertops and full-height quartz backsplash, and a waterfall breakfast bar accented by under-cabinet lighting. Both the guest and primary bathrooms have been beautifully remodeled, while new luxury vinyl plank flooring, interior doors, hardware, lighting, and baseboards create a cohesive, modern feel throughout the home. Additional upgrades include custom closet systems, a new washer and dryer, and a thoughtfully designed primary suite. The location is equally impressive. Enjoy walking distance to local favorites including Green Iguana, Westshore Pizza, Dead Bob's, and the highly anticipated White Wolf restaurant and rooftop bar. The vibrant Westshore Marina District is just 1.2 miles away, offering waterfront trails, marina views, shopping, dining, and recreation along Tampa Bay. MacDill Air Force Base is approximately 4 miles away, downtown St. Petersburg is a quick trip across the bridge, and both downtown Tampa and Tampa International Airport are within about 7 miles. This is a rare opportunity to own a truly move-in-ready home where the updates aren't just cosmetic—the major systems, infrastructure, and finishes have all been thoughtfully improved and carefully maintained.
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.
