1105 58th St S, Gulfport, FL 33707
3 beds · 1 baths · 991 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This charming 3-bedroom, 1-bathroom family home is built from solid block and located in a flood-free zone, providing peace of mind with no damage during storms Helene or Milton. As you approach, you'll appreciate the low-maintenance landscaping that enhances its welcoming feel. Inside, the cozy open-plan layout is perfect for family living, featuring spacious bedrooms and plenty of storage options. The large garage adds convenience, equipped with washers and dryers for easy in-house laundry. This home has many recent upgrades, including a new roof and new AC/HVAC system (both installed in 2022), updated bathroom (2024), fresh exterior paint (2022), updated landscaping (2023), a new paver patio (2024), and a hot water heater replaced in (2018). In the backyard, you’ll find a generous patio deck and gazebo, ideal for entertaining. There’s ample space for a pool, plus a large shed for extra storage and an irrigation system. Conveniently located just minutes from downtown Gulfport, known for its lively community and unique shops, this home is also only 10 minutes from the beautiful Gulf beaches and 30 minutes from Tampa International Airport, making travel easy. Don’t miss the chance to make this wonderful home yours! Call today to schedule your private showing!
Source: STELLAR #A4627759
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #A4627759
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.