Discover comfort, efficiency, and peace of mind living in this well maintained 3 bedroom 2 bath home in the heart of Pinellas Park, FL. thoughtfully updated and packed with valuable upgrades, this property blends everyday convenience with smart long term savings. The spacious primary bedroom features its own ensuite, offering privacy and comfort. Both bathrooms have been tastefully updated within the last year, giving the home a fresh, modern feel. The kitchen is equipped with a gas range featuring a built in air fryer, and a reverse osmosis system with extra filters ensures clean. crisp water on demand. energy efficiency shines with a transferable solar panel setup and an 18.5 SEER heat pump HVAC system with updated ductwork (2017). An external natural gas generator hook-up provides added security during storm season, complimented by pre-cut hurricane panels for the windows. Outdoor living is a highlight with a one year old 15 ft round above ground pool, a fully rescreened rear patio, and a 8 x 12 hurricane anchored shed/workshop complete with electricity. The south side of the home includes an external 220V outlet with a 60 amp breaker, ideal for RV or electric vehicle charging. Existing wiring for a security surveillance system adds another level of readiness. A portion of the modified garage remains intact, offering space for the water heater and additional storage. The home delivers practicality, preparedness, and comfort - perfect for buyers seeking a move-in-ready property with major upgrades already in place Home Facts 3 bedroom 2 bath Master bedroom with ensuite Transferable solar panel set up 1 year old 15 ft round above ground pool set up Both bathrooms have been updated in the past year 8 x 12 shed/workshop is hurricane anchored and equipped with electricity HVAC and duct work replaced in 2017. 18.5 SEER heat pump All screens recently repaired on rear patio Gas range equipped with a build in air fryer RO (Reverse Osmosis) system in place with extra filters External natural gas generator set up to the south side of home Existing wiring for security surveillance system External 220v outlet w 60 amp breaker at southside of home for RV electric vehicle supply Pre-cut panels for window protection during hurricane season Portion of modified garage remains to hous water heater and provide additional storage space
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.
