4850 71st St N, Saint Petersburg, FL 33709
2 beds · 2 baths · 1,202 sqft sqft
**No storm damage! High and dry in West St Pete!** Have you been looking for the perfect Florida bungalow? This West St. Pete home is move-in ready, close to lots of shops and dining options, and even a quick ride to the beach. Welcome to 4850 71st St N in St Petersburg, Florida! This two-bedroom, two-bath home with a den is handicap accessible and situated on a large corner lot with endless possibilities. Inside you’ll find an open concept with kitchen, dining and living spaces for ease of entertaining. A screened-in patio, gazebo and lots of green space offer the perfect spots for your next summer gathering. The home has refreshed landscaping, fresh paint inside and out, updated light fixtures and bath vanities, updated flooring and baseboards, and some recent electrical upgrades. The roof and HVAC systems have both been updated in recent years. Both bedrooms are generous sizes and the primary bedroom features a large ensuite bath with a walk-in shower. The kitchen offers lots of countertop and cabinet space and a brand-new oven. Conveniently located near 66th St, you’ll have lots of options with the popular Sprouts Farmers Market nearby and plenty of other shops and restaurants. Take a short drive over to the Tyrone Mall area for even more to offer as well as CMX Cinemas. Walter Fuller Park provides tons of recreational activities including a pool, sports complex and dog park. Take the five-minute drive to Abercrombie Park to enjoy the sunset over the water, boardwalks, picnic area and a historic Indian shell mound. You are just a 10-minute drive from some of the area’s best beaches like Madeira Beach! Don’t miss your opportunity to make this adorable bungalow yours! Start living your Florida today!
Source: STELLAR #u8247474
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #u8247474
Source: Public records
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: #u8247474
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.