1105 58th St S, Gulfport, FL 33707
3 beds · 1 baths · 991 sqft sqft
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), 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
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4627759
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #a4627759
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.