5243 30th Ave N, Saint Petersburg, FL 33710
3 beds · 3 baths · 1,647 sqft
This phenomenal midcentury residence has all the amenities of 2024. Solar Energy! Hybrid hot water heater! Space for multigenerational living! Perfection! An open-concept living and dining space flows easily into the updated kitchen, which features granite countertops, trendy wood cabinetry, a large island topped with butcher block, and stainless-steel appliances. There is a unique configuration of the bedrooms, one leads into the primary and would be ideal for a home office, media room, nursery, or perhaps a future mother-in-law suite. The spacious primary retreat offers a walk-in closet and a luxurious en-suite bath with an oversized walk-in shower. Love to be outdoors in any season? Take advantage of the backyard screened enclosure with vinyl window coverings or sit on your open front porch. The fenced yard has plenty of room for a pool. Premium upgrades include a new 50 year roof with transferable warranty, insulation in the attic, plantation shutters and new blinds, wood laminate flooring in the bedrooms and polished terrazzo in the living areas. Have peace of mind as there are hurricane shutters, the irrigation system is already on a well, and the washer/dryer is new. The hybrid hot water heater takes hot air from the garage to the tune of only $40 per year to run! Imagine the savings your solar panels will bring! The exceptional central St Petersburg location will give you quick access to the beaches or the ‘Burg. However, this is a home you will never want to leave!
Source: STELLAR #tb8318686
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8318686
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: #tb8318686
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.