1521 21ST AVE N, Saint Petersburg, FL 33704
CHARMING 2 BEDROOM, DEN, 1 BATH, 1 CAR GARAGE HOME located in the sought after neighborhood of Euclid St. Paul. The updated kitchen has newer stainless appliances including a Natural gas stove, solid surface countertops, updated cabinetry. French doors lead out from the kitchen to the back yard along with using the vine covered pergola for that morning cup of coffee or later evening refreshments. Creative and unique ceiling light fixtures add a touch of period reminiscence. Plantation shutters, and cloth blinds enhance the updated and energy efficient windows. The fully fenced back yard and professional landscaping helps privacy and enhances its use. the access to the back yard is from the alley via double gates. There is an electric garage door opener for entrance into the garage. There is also a concrete pad located outside the garage for outdoor parking. There is some extra space for parking a smaller boat and trailer if needed. Located a short distance to St. Paul’s Catholic School, minutes from I-275, and a short bike to St. Pete Pier/Downtown. There is an active neighborhood association and encourages community involvement. Attic insulation had been updated to R38.
You may be able to put down less than the total down payment amount of $184,986 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #tb8302864
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.