One or more photo(s) has been virtually staged. Welcome to this stunning 3-bedroom, 3-bathroom pool home with a 2-car garage, nestled in the sought-after waterfront community of Tierra Verde. Major updates include a new tile roof (2025), hurricane-impact windows and doors throughout, a new garage door (2021), fully updated bathrooms (2017), a new paver driveway (2020), and an epoxy-coated garage floor (2022). The first-floor primary suite offers privacy and convenience, featuring sliding doors to the pool, a large custom walk-in closet with additional storage, and a spacious ensuite with wrap-around double vanity, stand-up shower, garden tub, and a separate water closet. Hurricane-impact sliders connect the interior to your outdoor oasis — a large covered patio with a newly screened enclosure (2025), a Pebble Tec-resurfaced pool and spa (2017), new plumbing (2025), new pool filter (2025), and a suburban gas pool/spa heater (2022) for year-round enjoyment. Five separate access points lead to the pool area, surrounded by lush, tropical landscaping for added privacy. The kitchen features granite countertops, stainless steel appliances, a new Bosch dishwasher (2025), and a new built-in microwave (2024), opening directly to the second living area — a flexible, multi-purpose space with the third bathroom conveniently adjacent and pool access nearby. An interior laundry room with a sink and storage is located just off the kitchen. Additional features include plantation shutters, a water softener and drinking water purification system, a Smart Tint privacy door, and an average Duke Energy bill of approximately $210/month. Upstairs, two additional bedrooms share a full bath with a hallway workspace area. No damage or flooding from recent storms. An assumable VA loan at 2.75% is available for qualified veterans. Tierra Verde offers an unmatched lifestyle — minutes from St. Pete Beach, Pass-A-Grille, Fort De Soto, and vibrant downtown St. Pete. Isla Del Sol Yacht & Country Club is just down the road, offering golf, tennis, pickleball, and fine dining. With top-rated restaurants, waterfront parks, biking trails, kayaking, paddleboarding, and a dog-friendly waterfront park all nearby, this is island living at its finest.
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.
