Step into this spacious 4-bedroom, 3-bathroom with a den/office two-story block home perfectly situated on an oversized corner lot in a NON- FLOOD zone. This property blends durability with modern comfort, offering both curb appeal and functional space. Inside, the home provides a generous layout featuring four well-sized bedrooms plus a bonus room which can be used as a den or office space, and three full bathrooms. The heart of the home is the expansive eat-in kitchen, which offers abundant cabinet storage, a double sink, and a set of appliances including a newer stove, brand new microwave, dishwasher, and alongside a reliable side by side refrigerator. Right off the kitchen is a dining area with under stairwell storage. This can be also used as a pantry. Downstairs there are three bedrooms and a bonus room which can be used as a office space or den. There are two primary suites in the home! One is in the downstairs area with ensuite bathroom, walk in shower and lots of closet space. The other two bedrooms are great size and have good closet space. In the hallway area you will find not one but two linen closets... storage, storage, storage! There is also a full bathroom downstairs perfect for guest with a tub shower combination. Relaxation is easy in the massive Florida room, which is flooded with natural light. This area also has beautiful slate floor near the back door area, which is perfect for a drop zone, coming in and out the backyard area. One of the best parts of this home is the upstairs primary bedroom. This primary suite serves as a private getaway, offering a walk-in closet with plenty of room for all your wardrobe, and storage. This space is optimized for comfort with a dedicated mini-split AC unit, along with central air and ceiling fan. Not only does this room have plenty of space but then you have even more outdoor space once you go through the beautiful French doors leading to your primary suite's private balcony overlooking the backyard and garden. Its luxurious ensuite bathroom features granite counter tops with double sinks and a large walk-in shower. There is also a storage closet that houses a new 30 gallon water heater (added 2025) dedicated to your primary ensuite bathroom. The home has a newly painted exterior, and have peace of mind knowing there is an updated electrical box installed 2024. Additional highlights include a two-car garage with laundry connections, and significant mechanical upgrades including a tankless water heater, as well as natural gas lines available. The grounds stay lush year-round with a well-water sprinkler system and a brand-new well pump (2025), and mature landscaping throughout, this move-in-ready home is designed for convenience and longevity. The vinyl-fenced provide security and privacy for your backyard. The backyard oasis features a garden where you can pick and grow your own food, a storage shed, and a beautiful patio with a pergola perfect for outdoor living and entertaining. This home is near schools, shopping, community centers, and less than 5 minutes to Bay Vista Park with fishing and beach life. About a 15 minute drive to St. Pete Beach and the vibrant Downtown St. Pete. Set your appointment now... this home won't last.
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.
