Welcome to an exceptional opportunity in the highly sought-after gated community of Placido Bayou—where thoughtful upgrades, modern efficiency, and timeless style come together in perfect harmony. This meticulously maintained residence offers peace of mind with an extensive list of improvements spanning nearly a decade, making it truly move-in ready. From the moment you arrive, the home’s curb appeal stands out with a circular paver driveway (2023), refreshed landscaping, and lush St. Augustine sod. The elegant fiberglass double front doors with leaded glass inserts (2017) create a warm and inviting first impression, complemented by updated exterior lighting. Inside, the home showcases quality craftsmanship and modern finishes throughout. Major upgrades in 2016 laid the foundation, including a tile roof, vinyl soffits, wood-grain tile flooring in main living areas, and plush carpet in the bedrooms. The kitchen and bar areas feature all-wood cabinetry with soft-close drawers, enhanced by LED under-cabinet lighting. In 2021, the kitchen was elevated further with quartz countertops, black stainless-steel appliances, and a stylish backsplash, creating a sleek and functional centerpiece for entertaining. The living spaces feel fresh and refined with updated lighting, fans, and interior paint. A custom stone fireplace wall with mantle adds a sophisticated focal point, while thoughtful touches like custom shelving and designer finishes elevate the overall aesthetic. The primary suite offers a luxurious retreat with a beautifully updated bathroom featuring a LED mirror, upgraded tile shower, and custom closet system (2023). Guest spaces are equally well-appointed, ensuring comfort for family and visitors alike. Step outside to your private backyard oasis, where the pool and tile have been resurfaced, a Pentair multicolor LED lighting system, and a saltwater conversion (2025). An oversized pool heater ensures year-round enjoyment, while new paver decking creates a resort-style setting. Premium turf installation and a fully enclosed side yard with vinyl fencing provide low-maintenance outdoor living. Efficiency and modern living are at the forefront with a solar system (average electric bill around $35), a Level 2 EV charger, and a generator interlock system for added preparedness. Additional upgrades include a new HVAC system (2021) with UV light (2025), and water heater (2019). This home represents a rare blend of luxury, efficiency, and long-term value in one of St. Petersburg’s most desirable communities. Priced Aggressively, don’t miss your chance to own a beautifully upgraded home in Placido Bayou—where every detail has already been thoughtfully completed for you.
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.
