4925 16th Ave N, Saint Petersburg, FL 33710
3 beds · 2 baths · 1,260 sqft
BACK on the Market and $10,000 UNDER the APPRAISED Value! Well, HELLO GORGEOUS… Welcome to your dream home at 4925 16th Ave N, St. Petersburg, Florida! This completely renovated gem captures the essence of St. Pete’s vibrant lifestyle and is ready to steal your heart. It’s truly a VIBE! As you arrive, the inviting curb appeal instantly draws you in, setting the stage for what’s inside. Step inside and be captivated by the modern color palette and exquisite finishes that create a welcoming atmosphere throughout. The sunlit living spaces feature beautiful, new ceramic tile flooring, while the other two bedrooms are located on the opposite side of the home, complete with stunning wood flooring and ample space for family or guests visiting everything St. Pete and Tampa Bay have to offer. The heart of this home—the kitchen—blends beauty with functionality, showcasing sleek new cabinets, stunning quartz countertops, and stainless steel appliances, perfect for all your culinary adventures. The thoughtfully designed split floor plan ensures privacy, making it ideal for peaceful retreats. The primary ensuite is nothing short of a sanctuary, offering generous space, an updated bathroom, and ample closet space. This home has been meticulously maintained and boasts major renovations that will bring peace of mind for years to come, including a new roof installed in 2017 and a modern HVAC system completed in 2018. For the outdoor lovers, look no further. The tranquility of this backyard is second to none. Step outside to discover an oversized awning that provides coverage year-round, as well as two inviting patios perfect for BBQs and creating lasting memories with family and friends. Enjoy your morning coffee or unwind with a cold beverage on the spacious front porch, providing the ideal space to soak in the St. Pete vibe. This home truly offers it all—don’t miss your chance to own this piece of paradise! Schedule your tour today before it's gone!
Source: STELLAR #TB8354650
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #TB8354650
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “Save search” 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 620, 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.