Some homes simply check boxes. This one rewrites the list! Tucked into unincorporated Seminole, this 3-bedroom, 2-full-bath residence with pool delivers something increasingly rare: room to live, room to play, room to grow, and the freedom to use it exactly how you want. Whether you're searching for a full-time forever home or a turnkey short-term rental investment, this property's location in unincorporated Pinellas County opens the door to both — a flexibility most homes in the area simply can't offer. Step outside and you'll understand why this home is built for the Florida lifestyle. A large pool anchors an expansive outdoor entertaining space designed for weekend gatherings, sunset dinners, and everyday relaxation under the sun. With two separate fenced rear yards, you'll have the versatility to keep pets, play, and privacy all in their own space — a thoughtful layout that's as functional as it is unique. For the buyer with toys, this property is a dream. A separate driveway on the left side of the home offers dedicated boat or RV parking, complete with an electrical hookup — no more storage fees, no more compromises. Bring the boat, the RV, the trailer, and keep them right at home. Peace of mind is built in. This home features a brand-new Generac whole-home generator powered by two vertical 420-lb propane cylinders — up to a full week of backup power so you're never left in the dark, no matter what Florida weather brings. Add in a new HVAC system, a new water heater, and a brand-new TuffShed for all your storage needs, and the big-ticket items are already handled. And here's the detail savvy buyers will appreciate most: this home is NOT in a flood zone. In coastal Pinellas County, that's a genuine advantage — for your insurance, your resale value, and your long-term confidence. Perhaps best of all, there's room to add on. With generous space and an ideal layout, this property invites your vision — expand the footprint, build out your dream floor plan, or add value on your own timeline. Opportunities like this, with this much flexibility, don't come along often. This is more than a home. It's a rare opportunity in one of Pinellas County's most convenient locations — just 10 short minutes from the Gulf beaches, shopping, and everything that makes coastal living so desirable. Come see why this is not your average house!
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.
