A spellbinding home with a remarkable backyard, pool, tiki hut and patio! You will find this home is best described as open and spacious. From the open combined kitchen living room to the nearly 500 square feet of master suite! This is the kind of home that you enjoy coming home to, and all of your friends and family will want to come visit! Magnificent finishes start from the street as you are ushered into the home on beautiful herringbone pavers surrounded by lush tropical landscaping and manicured lawn. Once inside the entryway you will find this home is even more outstanding! From the unique and interesting floorplan, to high end flooring and finishes, this home grabs your attention and never lets go! The spacious and open kitchen provides plenty of counterspace and flexibility for morning coffee and breakfast or casual dinner hangouts. Want more room? You can retire to the massive 38 foot long Family Room with beautiful views of the pool and tropical backyard oasis. And if you prefer to be insulated from the bustle of the kitchen with cozy comfort, there is the Living Room with woodburning fireplace. Upstairs you find the tremendous master bedroom and bathroom with a walk-in closet. The bathrooms is finished with elegant stone, and the bedroom presents enough space for any configuration, be it bedroom or a combined bedroom with office / reading nook.. Two additional bedrooms and a hall bathroom round out the upstairs of this home. But the true show stopper at this home is the backyard. The first class pool with baja ledge and fountains is pitch perfect for summer fun and soaking in the sunshine. Behind the baja ledge is the relaxing tiki bar, perfect for mid swim drinks and catching up on the game. Also tucked away in the opposite corner of the yard is a pole cabana if you're looking for a bit more solitude. And if the rainclouds come, not to worry: A covered patio runs the entire length of the back of the house, the perfect spot to listen to the rain pass quickly by and the party to resume. If that is not enough, this home is located within minutes of the best that Pinellas County and Seminole have to offer. Less than 5 minutes from Walsingham Park and Walsingham Horse Trails and 7 minutes from the boat ramp on the Intercoastal and Indian Shores beaches, and just 4-6 miles from multiple golf courses and tennis clubs. This home has practically everything you can ask for and more. You are almost certain to find new ways to enjoy life living in this home. But a home this exceptional will rarely be around long, so be sure to book your 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.
