One or more photo(s) has been virtually staged. Welcome to this fabulous 4 bedroom 3 bath home with 2 car garage. VA Loan is assumable. Sellers Rate is 4.42. This gorgeously remodeled home is waiting for a new homeowner! As you pull up to the home you will notice the lovely curb appeal with circular driveway and plenty of parking! As you enter through the elegant front door, you will be in a nice sitting area. Notice the beautiful vaulted tray ceilings and 24" tile flooring. To the right there is a nice sized office or bedroom with closet with built in shelving. Further ahead you will enocunter the large living room and to the right is a huge gourmet kitchen and dining area! The kitchen has all been updated with a large island, granite counter tops, 2 sinks, walk in pantry, 42' cabinets for plenty of storage. Pendant lighting and dual wall ovens make for an awesome kitchen experience. That Main suite is located on the first floor. As you enter you will notice the beautiful tray ceiling and crown molding. There are 2 large walk in closets with built in shelving. You will be wowed as you enter the luxurious contemporary main bathroom. Large glass enclosed shower with 3 function shower panel, dual vanities and streamlined freestanding soak tub for you to relax and wipe the stress of the day away! There is a fully updated bath down the hallway near bedroom 3. Large laundry room in back that has plenty of room for storage as well. Up the stairs in the back is a full suite with bedroom 4 and bathroom 3. Great spot for in-laws and guests to have their own privacy! There is potential for a separate apartment. Back part of home has separate electric panel, water heater, central HVAC, laundry and entrance. Out the back of the house is a large yard. Lovely patio area and seating are by a fire pit. Plenty of space to add a pool of ADU. All updates in home were made in 2018! Home is move in ready. This home is not in a flood zone! .6 mile walk to Boyd Hill Nature Preserve or to Tampa Bay to see the beautiful Sunrises. Short drive to shopping, downtown St Pete (3 miles) and the country's most beautiful beaches (Ft Desoto and St Pete Beach approx 6 miles) Stop by and see this wonderful home. Currently has a tenant until Feb 28, 2026. Negotiable on tenant staying or terminating lease.
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.
