One or more photo(s) has been virtually staged. Welcome to this beautifully updated three-bedroom, two-bathroom home in the heart of St. Petersburg, offering modern upgrades, peace of mind, and an ideal location. Major improvements include a NEW roof and AC in 2025, along with NEW sod and refreshed landscaping, creating strong curb appeal from the moment you arrive. Located at one of the highest points above sea level in St. Pete, this property is located in a NON-FLOOD-ZONE, meaning NO flood insurance is required and insurance costs remain low. Inside, the home features engineered hardwood flooring throughout and a refreshed interior designed for comfortable, low-maintenance living. The updated kitchen showcases NEW stainless steel appliances, granite countertops, and a stylish backsplash, while modern ceiling fans throughout add a contemporary touch. The home also comes wired with fiber high-speed internet, making it ideal for a remote office or work-from-home setup. The spacious primary suite includes an attached bathroom with an updated vanity, mirror, light fixture, and a newly tiled shower with updated fixtures. Additional bedrooms are nicely sized and share a full bathroom with a shower/tub combo. Step outside to a covered back patio, perfect for enjoying Florida weather year-round - whether grilling, lounging in the sun, or entertaining friends. The fully fenced, oversized backyard offers plenty of room for outdoor activities, play, and furry friends, and includes a concrete pad ideal for a fire pit or entertaining area, plus a shed for lawn and equipment storage. An extra-wide driveway adds convenience and ample parking. Additional features include a tankless water heater, low utility costs, and true turn-key condition. Enjoy a prime location close to shopping, dining, and major roadways, offering quick commutes to neighboring cities and a short drive to the Gulf beaches. This home is an excellent opportunity to enjoy the best of St. Petersburg living. Schedule your 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.
