3030 5th Ave N, Saint Petersburg, FL 33713
3 beds · 2 baths · 1,246 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Priced to sell!! Cut your mortgage payment in half! Also 2.75% interest rate on an assumable loan! Charming 2 bed, 1 bath front home with a 1 bed, 1 bath ADU / mother in law suite above the garage in a Non evacuation, Non flood zone, in the heart of Historic Kenwood! This multifamily home has been beautifully remodeled with new siding, hurricane impact windows, fresh paint, and luxury vinyl floors. The cozy interior is complemented by a spacious, fenced in backyard with a paver patio, perfect for relaxing or entertaining. The front home has 784 sq ft featuring modern stainless steel appliances and a well-maintained AC system. This home offers both comfort and convenience. In a great and welcoming neighborhood, this home is ideal for those seeking a blend of modern updates and historic charm. Great opportunity for a house hack to live in 1 unit and rent the other unit to produce some rental income. Or add to your rental portfolio as a 2 unit rental. The ADU is 462 sq ft, currently occupied by a tenant on a month to month lease at $1,200 which is under market rent. Some upgrades include: House re-plumbed 2021, New stair case on apartment 2022, New dual zone mini split in apartment 2022, New hurricane windows, New insulation 2023, Completely remodel exterior, New gutters, New soffit, New fascia, New LVP in both units, Recently painted inside and out, Electrical redone in 2016, New Roofs in 2016, Granite counter tops, and Stainless steel appliances in both units. There is also a garage / storage area for plenty of storage and has washer and dryer.
Source: STELLAR #TB8354649
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 #TB8354649
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 of Equal Opportunity Act.