SPECTACULAR OPEN WATER VIEWS LOCATED IN THE HEART OF ST. PETE BEACH – ONE OF AMERICA’S HIGHEST RATED BEACH COMMUNITIES! Lined with lush palms, a lovely brick paver driveway transitions to a delightful, private, tropical entryway. Fine contemporary double doors open to a spacious, beautiful and elegantly updated home. Driftwood style porcelain floors, clean radiant lighting, graceful open spaces, and sweeping panoramic water views deliver a dazzling waterfront living experience. The gorgeous contemporary dream kitchen boasts resplendent quartz surfaces, extensive accent tile backsplash areas, high-end stainless-steel appliances, wine chiller, coastal white cabinetry, pantry, substantial counter space and a large breakfast bar. You’ll love the huge multi-purpose Florida room - offering stunning vistas day and night. The inspiring owner’s suite provides a grand walk-in closet/wardrobe room, and a luxurious bath with exquisite tilework, two poshly-appointed vanities, a lavish stand-alone soaking tub, and a superb walk-in glass rain-shower enclosure. Bedrooms 2 – 4 and the full guest bathroom enjoy plush, appealing finishes. The indoor laundry is sizable, with fine counters, generous storage and a built-in wash basin. Pavers extend around the home, creating a clean and easy to maintain allure. Out back you’ll find an expansive 96 feet of seawall/water frontage with views that seemingly go on forever, and a fabulous heated pool and elevated spa completely encased in pavers. Your built-in tiki hut is ideal for dining and entertaining and sits adjacent to an exceptional outdoor cooking center with attractive complementary built-ins. Side and back yard landscaping is simply meticulous, and includes a wonderful built-in hammock and outdoor rain-shower. Step out to a remarkable boat dock setup that has it all – with water, electric, 10,000lb boat lift, dual jetski lift, kayak station and large sun deck lounging area. Low maintenance metal roof, oversized garage with overhead storage and mini-workshop, 4ft-high Garrison Hammerhead storm flood barriers, two hefty storage sheds, low voltage landscape lighting, ambient lighting for outdoor entertainment and tankless hot water heating, and so much more. This is an incredible value in a premier waterfront location close to dining, shopping and entertainment! Dimensions are estimates, buyer to verify.
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.
