4187 52nd Ave S, Saint Petersburg, FL 33711
3 beds · 2 baths · 1,574 sqft
One or more photo(s) has been virtually staged. Welcome to your new home in the beautiful Maximo neighborhood! Attention to detail and pride of ownership are evident everywhere you look, from the spacious master bedroom suite to the additional two bedrooms and bathroom. The living, dining, and kitchen areas flow seamlessly together, creating a perfect space for both everyday living and entertaining. Step outside through the double glass doors and enter your own private tropical oasis. This secluded retreat features a hot tub, outdoor kitchen, bar with expansive seating, wine refrigerator, ample storage, firepit, and more. You'll feel like you're at a fancy island resort, but you're actually home! Windows 2023, Solar 2024, AC 2021, Roof 2015. Some of the pictures are virtually staged. Located just minutes from beautiful beaches and the downtown St. Pete area, this home is also close to shops and many other amenities. Recent upgrades include new hurricane impact windows and solar panels, resulting in incredibly low electric bills. Don't miss your opportunity to see this beauty in person—it's your pretty perfect and boast-worthy "happy place"! With full price offer the seller will pay off the solar panels.
Source: STELLAR #u8237044
Source: STELLAR #u8237044
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: #u8237044