Welcome to this tastefully updated 3-bedroom, 2-bathroom home that offers a 1-car garage and a completely redone pool, located in a convenient location with easy access to everything. This home has seen extensive upgrades in recent years, making it easy to settle in and enjoy from day one. Step into the light-filled living room, where your eye is immediately drawn through the dining room sliders to views of the sparkling pool beyond. Just past the living space, you’ll find a perfectly appointed, updated kitchen and dining area, great for both family living and entertaining. The homes layout has been thoughtfully designed for easy living with all bedrooms well-positioned, two full bathrooms, and ample storage closets throughout. The primary suite features a custom built-in closet and an updated bathroom that also doubles as a pool bath, with a convenient door leading directly to the pool and backyard. Major improvements include a new roof (2022), HVAC (2022), electrical panel (2022), and solar panels (2022) — with the $67,000+ solar loan to be paid off at closing. The pool was fully refreshed in 2021 with new pebble tech resurfacing, pavers, and equipment (over $30,000 in pool upgrades), creating a true backyard retreat. Additional updates include a new water heater, 2025 refrigerator, and newer ceiling fans in the living room and patio. Outdoors, enjoy lush landscaping in both the front and back yards, a spacious covered pool lanai, and a cozy fire pit area for cool evenings—all while still offering plenty of space for little ones and pets to run and play. Short-term rentals are allowed, offering flexibility for investors or part-time residents. Ideally located with easy access to I-275, just 20 minutes to several Gulf beaches, close to shopping and restaurants, and a short drive to the thriving downtown St. Petersburg. This home truly stands out for the sheer number of updates and improvements. Start living your Florida dream 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.
