Opportunities like this newer construction Mid-Century Modern home with no HOA are rare in this area of St. Petersburg. Tucked into one of St. Petersburg’s evolving neighborhoods, this beautifully designed Mid-Century Modern home invites you to slow down, unwind, and enjoy the comfort of modern living. Built in 2021 by nationally award-winning local builder Kasper Modern, this three-bedroom, two-bath home offers 1548 square feet of thoughtfully designed living space with an open floor plan and attention to detail throughout. Enjoy amenities such as the wine chiller in the kitchen, automatic gate to full fenced in backyard, Located on a corner lot, solar panels, soft water system, and located just two blocks from pinellas trail. The home includes bonus space suite for additional income option to offset mortgage Natural light fills the home, highlighting the clean architectural lines and contemporary finishes. The open living, dining, and kitchen spaces flow together seamlessly, creating an inviting atmosphere perfect for everyday living or entertaining guests. Vinyl flooring and ceiling fans throughout enhance both comfort and style. The kitchen is designed for both function and beauty, featuring solid surface countertops, ample cabinetry, and a full appliance package including a range, microwave, and dishwasher. A standout feature of the property is the bonus suite, offering flexible space that could easily function as a guest retreat, in-law suite, home office, studio, or additional living space depending on your needs. Step outside to discover a relaxing outdoor retreat featuring a spacious deck and spa. This inviting space is perfect for unwinding under the stars, enjoying quiet evenings, or hosting friends and family for gatherings. The deck creates an extension of the home’s living space and adds to the property’s relaxed Florida lifestyle. Constructed with durable block exterior construction, stucco finish, slab foundation, and a shingle roof, the home offers both modern design and lasting durability. Additional features include central heating and cooling, electric water heater, vented exhaust fan, thermostat-controlled climate system, underground utilities, and cable availability. Conveniently located just minutes from downtown St. Petersburg, residents enjoy easy access to waterfront parks, restaurants, shopping, and the Gulf beaches. Flood Zone X – flood insurance is typically not required by lenders. No HOA.
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.
