PRICE IMPROVEMENT! Welcome to peaceful island living in this sixth-floor, south-facing residence in desirable Building Six at Point Brittany, where expansive water views, natural light, and everyday ease come together. From the moment you step inside, the open layout draws your eye outward to the stunning Bayway Isles view, with a south and southwest exposure that brings in a bright, airy feel and even a glimpse toward the Gulf. This well-kept condo offers the perfect blend of comfort and potential, with thoughtful updates already in place and room to make it your own. Luxury vinyl plank flooring runs throughout, complemented by sleek modern lighting, shaker-style cabinetry, granite countertops in both the kitchen and bath, a neutral palette, and a spacious primary suite with a walk-in closet. Step onto your private covered balcony and enjoy the peaceful waterfront backdrop that makes this home feel like a retreat. Peace of mind matters, and this one delivers. The A/C was replaced in 2023, the water heater is brand new in 2025, Milestone Inspection and SIRS have been completed, and all special assessments have been paid. For qualified buyers, there is also the rare opportunity to assume the existing mortgage at an exceptionally low 2.8% interest rate. Point Brittany is a gated 55+ waterfront community known for its resort-style setting and unbeatable location. Residents enjoy waterfront walking paths, tennis and pickleball, boat slips on a first-come basis, and easy access to award-winning Gulf beaches, downtown St. Petersburg, dining, shopping, and Fort De Soto. Laundry and additional storage are conveniently located at each end of the hall, and the unit includes one assigned covered parking space. One small pet is welcome. Whether you’re searching for a full-time residence, a seasonal escape, or a low-maintenance lifestyle in a serene waterfront setting, this condo offers a rare opportunity to enjoy the best of Point Brittany at an even better value!
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.
