Welcome Home! A wonderful home featuring three bedrooms and 2 full baths, a spacious living room, phenomenal kitchen, large family space (great for another sitting area or office), and TWO CAR attached garage. You must check out the centrally located kitchen with a perfect preparation and cooking pattern, stainless steel appliances, a "six-top" breakfast bar adjacent to the living room, dining area and the family room for easy entertainment. There is also a pass through from kitchen to family room making it easy to take barbecue items to the backyard for those wonderful outdoor gatherings! The solid surface countertops are adorned with a decorative tile backsplash. The deep two bowl kitchen sink has a high arch pull-down kitchen faucet with sprayer making clean up after a fun-filled gathering much easier. The updated vanity in the primary bath has a solid surface countertop with elegant glass bowl sink. A shower is located in the primary bathroom, while the hall bath has a tub shower combination. An oval glass sink atop the solid surface countertop is very decorative as well as functional. Check out the covered lanai in the fun filled fenced yard with four fruit trees, and a well pump for the sprinkler system. Yes, this home does have an attached garage to keep your car cooler in warmer days and keep you dry when the skies water the earth. This excellent location provides easy access to St Pete Beach and Fort Desoto as well as to I275, whether you are going north toward Tampa or south toward Sarasota. Just minutes from downtown St Petersburg where you can enjoy the Pier, restaurants, specialty shops, museums and much more! Call 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.
