2515 Park St N, Saint Petersburg, FL 33710
2 beds · 1 baths · 919 sqft
Welcome Home to Jungle Terrace! This charming BLOCK home is situated on historic, picturesque Park Street. It offers an open kitchen/dining/living area that creates a spacious, inviting atmosphere. Light and bright, the interior has been thoughtfully updated with details such as shiplap, subway tile, durable vinyl flooring, recessed lighting, and fresh paint throughout. The garage has been converted into a versatile bonus space but can easily be transformed back into a working garage if desired. The fully fenced yard is easy to maintain, thanks to convenient turf that provides a beautiful, mess-free space for outdoor enjoyment. Storage is a breeze with one 8-foot gate and one 12-foot gate, perfectly easy access for cars, boats, and toys. Flood Zone X means peace of mind, and this home has had no water intrusion or storm damage. If you love the water, this is the place for you! Located just 0.5 miles from Jungle Prada Park and Boat Ramp, you'll have quick access to all your favorite water activities—fishing, birdwatching, canoeing, kayaking, boating, and jet skiing. Stunning sunsets are a daily treat at Jungle Prada! Serene, waterfront Abercrombie Park is just 0.8 miles away, home to wildlife and nature trails. The white sand beaches of Treasure Island and Madeira are each a 10 minute drive. You're only 2 miles from Bay Pines Boat Ramp and Bay Pines VA Medical Center. Less than 0.5 miles away at Walter Fuller Rec Center, you'll find a community pool, pickleball, tennis, walking paths, baseball fields, a dog park, and more! Downtown St. Pete is a quick 20-minute drive, and St. Pete-Clearwater Airport and Tampa International Airport are each less than a 30 minute drive. Convenience is key! This location truly has it all—shopping, restaurants, parks, and beautiful beaches, all within close reach! Whether you’re looking for a permanent home, second home, rental, or an investment, this property has endless potential! Don’t miss your chance to live in one of the most sought-after neighborhoods in the area—Jungle Terrace!
Source: STELLAR #TB8365307
Financials
Source: Public records
Source: STELLAR #TB8365307
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.