2555 55th St N, Saint Petersburg, FL 33710
3 beds · 2 baths · 1,251 sqft sqft
Your beautiful St. Petersburg home is Hurricane Helene and Milton proven safe! This 3/2/1 home is perfectly situated on a big corner lot and is in an X flood zone so no flood insurance is required. This home features all hurricane impact windows, a Hips and Valleys roof (which provides big insurance discounts), a newer fence, new water heater, and a new overhead garage door and opener. Natural gas is connected so the cooktop, water heater, dryer and heat are all gas. Just wait until you see the backyard! It includes three patios, a big wooden shed, a six foot privacy fence and a double wide gate; perfect for storing your boat or RV. J W Cate Recreation Center is approximately four blocks away. This recreation center is state of the art. Pickleball, volleyball, tennis, basketball, baseball fields, etc. You are minutes to our beautiful beaches and a short drive to downtown St. Petersburg. Downtown St. Petersburg is known for the incredible murals scattered throughout the city, the beautiful St. Pete Pier, amazing museums, excellent restaurants and great shopping, all right on Tampa Bay's shoreline. It's also the home of the Tampa Bay Rays. The third bedroom is off the kitchen and has the door leading to the patio. Could be family room or keep it as a third bedroom. Make an appointment to see your beautiful new home today!
Source: STELLAR #tb8300983
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8300983
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: #tb8300983
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.