4851 Windmill Palm Ter NE, Saint Petersburg, FL 33703
4 beds · 3 baths · 2,474 sqft
This stunning 4-bedroom, 3-bathroom home offers a beautifully updated interior and a fantastic pool area, making it the perfect retreat for your family. A spacious 3 way split-plan and high ceilings throughout make the home feel even larger and more open. The formal dining room can easily double as a den or study, offering flexibility for your needs. The updated white kitchen features a sleek new backsplash, a microwave drawer in the island, a skylight and a built-in pantry, perfect for both cooking and entertaining. The master suite is a true sanctuary, with double sinks, walk-in closet, a "his" closet, luxury shower, and separate soaking tub. The family room, complete with a wood-burning fire place and beautiful hard wood flooring adds charm and warmth to this home. Two of the bedrooms are next to each other and share a bathroom, and the fourth bedroom, with its own nearby bathroom, is perfect for your overnight guests. Step outside through the brand-new hurricane rated sliding door to enjoy the lushly landscaped pool area and shady, covered patio. The current owner is a master gardener, ensuring excellent curb appeal and shady spaces throughout. Additional updates include a 5-year-old AC and a 9-year-old roof, meaning no big-ticket items are needed for years to come. Plus, reclaimed water is available to help lower your water bill. The seller may even be willing to sell the furniture if the buyer desires. Don’t miss out on this move-in ready home – schedule your private showing today!
Source: STELLAR #tb8329778
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8329778
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: #tb8329778
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.