5300 Neil Dr, Saint Petersburg, FL 33714
3 beds · 3 baths · 1,713 sqft
Under contract-accepting backup offers. NO FLOOD & NO DAMAGE FROM THE HURRICANES! We were safe and sound here in Heritage Oaks. This exquisite 2022-built townhome in a gated community offers the perfect blend of luxury and convenience. Nestled in a non-flood zone, this meticulously maintained home comes FULLY FURNISHED making it an incredible value. Step inside to a world of sophistication. The gourmet kitchen features high-end quartz countertops, stainless steel appliances, and solid wood cabinets. You have a seamless flow between the kitchen and living areas, perfect for entertaining. Enjoy the luxury of a full home water treatment system. Relax and unwind on the screened-in lanai, or retreat to the spacious primary suite located on the first floor with dual closets and a luxurious en suite bathroom. Upstairs, you'll find two additional bedrooms, a full bathroom, and a versatile loft perfect for a home office or playroom. This energy-efficient home is equipped with an electric car charger and plantation shutters on all of the windows. Enjoy the peace of mind that comes with hurricane-resistant construction in this dog-friendly community with a pool and clubhouse. Perfectly located between US 19 and I-275 you are just 10 minutes from downtown St. Petersburg, less than 30 minutes to downtown Tampa, both Tampa International & St. Pete Clearwater Airports, as well as St. Pete Beach, Madeira Beach, Ft DeSoto, and Clearwater. This townhome offers you easy access to everything the area has to offer. Don't miss this opportunity to make this stunning townhome your new home.
Source: STELLAR #tb8306838
Source: STELLAR #tb8306838
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: #tb8306838