5306 9TH AVE S, Gulfport, FL 33707
Discover the allure of coastal living with this impeccably maintained 3-bedroom, 2-bathroom bungalow nestled in the heart of Gulfport, Florida. Boasting 1,169 square feet, this home exudes character with cove ceilings, arched doorways, and a light-filled open concept floorplan. NO FLOOD INSURANCE NEEDED and no HOA! Step inside to find 7.5-inch baseboards and freshly painted walls that accentuate the home's inviting atmosphere. The updated kitchen features granite countertops, stainless steel appliances, and ample cabinet space. The master bedroom offers a serene retreat with its ensuite bathroom adorned with a charming shiplap accent wall, perfect for capturing the coastal vibe. Throughout the home, stylish vinyl plank flooring adds a touch of modern elegance. Outside, the expanded backyard is a private oasis complete with a gated privacy fence ideal for boat or RV storage and another chain-link fence to keep your fur babies safe. Enjoy entertaining under shade sails amidst brand new pavers and freshly landscaped shell surroundings, creating a quintessential coastal feel. This yard has plenty of room for a pool as well. Additional highlights include ceiling fans throughout for added comfort and a detached garage providing ample storage. Located in a phenomenal location, you'll be just moments away from St. Pete Beach (3.6 miles), Stella's and the vibrant downtown district of Gulfport (2 miles), and the Pinellas Trail (0.4 miles) for easy access to outdoor adventures. Downtown St. Pete and the iconic Pier are a short 5-mile drive, while Tyrone Square shopping is conveniently close at 3.5 miles. Don't miss the opportunity to own this charming Gulfport bungalow, where coastal charm meets modern convenience. Schedule your showing today and imagine the vibrant lifestyle awaiting you in this desirable community.
You may be able to put down less than the total down payment amount of $203,050 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #u8246921