3327 25th St N, Saint Petersburg, FL 33713
3 beds · 1 baths · 1,325 sqft
BRAND NEW ROOF JUST INSTALLED! NEW KITCHEN APPLIANCES JUST INSTALLED! (Wi-fi refrigerator/range, and microwave) Welcome to this charming St. Petersburg home where farmhouse comfort meets thoughtful upgrades. This delightful three-bedroom, one-bathroom residence showcases a blend of traditional character and contemporary improvements. This property sits high and dry (Flood Zone X) no flood insurance required, sustained no damage from previous storms (Helene and Milton) offering extra peace of mind. Step inside to discover a beautifully maintained interior featuring a stunning primary bedroom suite with an elegant nine-foot vaulted ceiling that mirrors the kitchen's architectural charm. The home's recent updates include a new LG french door fridge, fresh paint throughout - from walls to ceilings, trim, and baseboards. Original hardwood floors lie beneath new carpeting in the bedrooms, offering future restoration potential for those seeking to unveil this classic feature. The home's practical amenities shine with a new LG Washtower offering generous capacity for family-sized loads, while the bathroom boasts updated fixtures for enhanced functionality. Energy-conscious features include comprehensive LED lighting throughout and additional attic insulation for improved efficiency. Water quality is a priority here, with both a water softener and reverse osmosis system ensuring superior water throughout the home. Outside, a new wood perimeter fence provides privacy and security. Spacious backyard, with a large shed for additional storage. The location couldn't be better - you're just steps from Gladden Park Recreation Center for outdoor activities, and convenient shopping. Easy access to downtown and several different beaches. Home is zoned as NT-1 allowing for ADUs with City Approval (Verify with City) This thoughtfully upgraded home in an established neighborhood provides the perfect blend of comfort, convenience, and modern amenities for your next chapter.
Source: STELLAR #TB8336148
Financials
Source: Public records
Source: STELLAR #TB8336148
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.