Whether you are looking to start your family's next chapter or simplify into a more manageable lifestyle, this gorgeous 3-bedroom, 2-bathroom gem in Villa Park Estates is the perfect fit! Nestled in the heart of Jungle Terrace, this home offers the ideal blend of modern style and effortless maintenance. The open-concept interior—featuring stunning granite countertops, a breakfast bar, and durable luxury vinyl flooring—is designed for both lively family gatherings and easy, single-level living. With a separate dining room and spacious bedrooms, you won’t have to sacrifice the space you love for the convenience you need. Forget the stress of "fixer-upper" projects and heavy maintenance. This home is built for peace of mind, boasting a brand-new roof (May 2026), hurricane-impact windows, and a circular driveway that makes coming and going a breeze. Step out into your private tropical oasis, where the enclosed porch and fenced backyard offer a peaceful retreat for morning coffee, while providing a secure space where kids and pets can play safely under the sun. This outdoor space is also the ultimate setup for entertaining friends and family in a lush, private setting! For those who value tranquility, you will love the unique positioning of this property: it backs up to a quiet private road serving expansive waterfront estates. With the neighboring home set deep back on its massive lot, you’ll enjoy a rare sense of seclusion and the serene feel of having no rear neighbors. Location is the ultimate luxury here. You are just minutes away from the vibrant energy of downtown St. Pete, the convenience of Tyrone Square Mall, and world-class healthcare. This central location keeps you close to local schools and just a short drive from soaking up the sun at our famous Gulf beaches, ensuring everything you need is right at your fingertips. From young families seeking room to grow to downsizers looking for a stylish, secure "lock-and-leave" lifestyle, this home caters to all. This one will not last long—schedule your private 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.
