4127 53rd Ave S, Saint Petersburg, FL 33711
5 beds · 2 baths · 2,130 sqft
Welcome to this 5-bedroom, 2-bathroom pool home nestled in beautiful St. Pete. With over 2,100 square feet of living space and a 2024 water heater, this home is perfect for those who love an open floor plan and tons of natural light. The large windows throughout flood the home with sunshine, creating a bright and airy atmosphere. Step into the updated, gourmet kitchen, where you'll find sleek stainless steel appliances, gorgeous granite countertops, and a matching backsplash that ties the entire space together. Whether you're preparing a meal at the large island or enjoying your morning coffee at the coffee bar complete with a beverage fridge, the kitchen is sure to impress. With tons of cabinetry—including a built-in wine rack, there's plenty of storage and counter space for all your culinary creations. Adjacent to the kitchen is a large dining area, ideal for hosting dinners or casual meals. The primary bedroom offers a serene retreat with double closets and a beautiful attached bathroom featuring a custom walk-in shower. The four additional bedrooms are generously sized, perfect for guests, a home office, or extra space for your needs. Step outside to your own private paradise! The screened-in pool area is the perfect spot to relax, grill, or entertain while enjoying the Florida weather year-round. Beyond the screen, a fenced yard and a sun deck awaits for those who love to soak up the rays, while a separate patio area offers even more space for outdoor gatherings. This home is located just 10 minutes from the stunning Pass-a-Grille Beach, the iconic Don Cesar, and all the shopping, dining, and entertainment options that St. Petersburg has to offer. With easy access to I-275, the Skyway Bridge to Sarasota, and just a short drive to Downtown St. Pete, you’ll have quick access to everything this vibrant area has to offer. Don’t miss out on this incredible opportunity to own a beautiful home in one of Florida’s most sought-after locations. Schedule your tour today!
Source: STELLAR #TB8363208
Financials
Source: Public records
Source: STELLAR #TB8363208
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.