5220 98th Ave N, Pinellas Park, FL 33782
2 beds · 1 baths · 800 sqft
$7,500 Concession to Buyer that can be used for CLOSING COSTS, or to have a new roof installed prior to closing, if desired (but has plenty of life left). NO HURRICANE DAMAGE AND HIGH AND DRY! Welcome to this centrally located and cozy, block construction home in Pinellas Park. As you drive up, this home has great curb appeal with beautiful landscaping and mature trees, with a vinyl privacy fence that wraps around the property. This well-maintained residence features a charming front porch, perfect for enjoying your morning coffee. Step inside to discover an open floor plan that seamlessly connects the living spaces, making it great for entertaining. The updated kitchen is a chef's delight showcasing solid wood cabinets, granite countertops, and stainless steel appliances. You'll love the brand new Luxury Vinyl Plank flooring that flows throughout the home, offering both style and durability. The windows and garage door are hurricane impact rated, and this property did not sustain any flooding/damage from Hurricane Helene. The spacious enclosed Florida Room invites you to relax and opens directly to the backyard, providing a perfect space for indoor-outdoor living. This home features a brand new washer and dryer, ensuring laundry days are a breeze. The AC system installed in 2024 for optimal comfort. Additionally, there's a rear enclosed workshop or "she shed", complete with its own new AC unit. For relaxation, you can unwind in the luxurious above ground high-end spa with waterfall feature, which comes with a stylish paver pad. This centrally located gem is close to US 19 and 275, and 9 miles to the beach. This is a perfect place to call home. Don't miss out on this incredible opportunity! Schedule a showing today!
Source: STELLAR #tb8311134
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8311134
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: #tb8311134
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.