Welcome to 6019 4th Street South, 3 bedroom, 2 bath block construction home on a massive corner lot just over a quarter acre. This property delivers the space and updates you're looking for with just enough character to make it special. Step inside to find original hardwood floors in beautiful condition with natural light pouring in throughout the home. Both bathrooms have been thoughtfully updated, while the kitchen features stainless steel appliances, a generous island and stainless steel appliances make cooking and entertaining easy and enjoyable. The bedrooms are genuinely spacious at around 12x13 combined with a split floorplan for privacy. Character is abound with charming built-in shelving and planters add depth, storage and options you won't find in newer construction. The kitchen includes an eat-in area or office space with expansive views of the backyard, where you can make your own oasis. The front porch spans 31 ft wide and has tons of room for multiple sitting areas and plenty of plants. Storage is easy with the extra deep one car garage with extra above head storage and laundry area provides solid storage and utility space. Step out back to discover a massive 10x30 foot pergola that serves as the anchor for your future outdoor oasis. This architectural focal point provides the perfect shaded structure, ready for your vision. Whether you imagine a sprawling dining area, an expansive pool, a garden with flowers and vegetables, a cozy lounge set with a fire pit, or a dual-zone entertainment space, this expansive footprint offers the freedom to design the ultimate open-air retreat exactly how you see fit. The practical details matter here. The roof was replaced in 2020, there's a tankless hot water heater for efficiency, no flood insurance is required, and the home had zero water intrusion or water damage from recent hurricanes. Smart home features include Apple HomeKit integration for lights, garage door, exterior doors, and thermostat, bringing modern convenience to this classic home. All window treatments plus the washer and dryer stay with the house. Location is everything! You're 12 minutes to downtown St. Petersburg's vibrant dining and culture scene, under 15 minutes to our beautiful beaches, 5 minutes to Boyd Hill Nature Preserve, and 5 minutes to Mullets Fish Camp. Easy access to Interstate 275 puts the entire Tampa Bay area within reach. This home offers real space, solid construction, thoughtful updates, and a location that allows for minimal driving.
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.
