3821 OVERLOOK DR NE, Saint Petersburg, FL 33703
THIS HOME HAS HAD ZERO FLOODING DURING HURRICANE IDALIA! Possible assumable VA loan with low rate if Buyer has VA ElIgibility to use. Welcome home to this adorable newly listed home that has a lot to offer! This home is built up on a block foundation, which has kept it high and dry during our recent storms. There are many recent updates, including granite counters and new appliances in the kitchen, electric tankless water heater, a 200 Amp electrical panel and solar panels on the roof which have reduced the electric bill to only $35. per month in the heat of the summer! The solar panels are paid off so there is no longer a lease fee! The bathroom has also been updated with tastefully done tile in the shower and an attractive vanity. The interior central heating and cooling are controlled by a smart "Nest" thermostat, and all of the windows are newer than original. There is lots of natural light flowing into the living spaces, and this brightens up the original oak hardwood floors and helps to showcase the coved ceiling features. The kitchen has a breakfast bar, and just beyond that, there is a large dining room where you can welcome your friends or family. In the rear of the house there is a comfortable porch that has tiled flooring and is completely screened in. The rear yard in enclosed by a vinyl fence with side gate. There are also mature trees and shrubs throughout the yard, and some of these trees even provide seasonal fruit! While this home is sitting high and dry, the lot has many features including a circular driveway and great private parking off street. It's important to note just how close this house is the Shore Acres Recreation Center, and stores like the new Fresh Market, the Islander Market and Publix just down the street. This location is very convenient to Downtown St. Petersburg, a few Public Golf courses, and our Gulf beaches. If you're interested in boating, the Intracoastal Waterway and a Community boat ramp are close by. Don't miss out on this super clean and move in ready home in a very well located neighborhood! Schedule your visit today.
You may be able to put down less than the total down payment amount of $23,798 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: #u8226928
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.