3821 Overlook Dr NE, Saint Petersburg, FL 33703
2 beds · 1 baths · 982 sqft
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.
Source: STELLAR #u8226928
Source: STELLAR #u8226928
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: #u8226928
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.