5368 Neil Dr, Saint Petersburg, FL 33714
3 beds · 3 baths · 1,770 sqft sqft
ALL AGES WELCOME and FHA/VA financing approved! Welcome to your dream townhouse, perfectly nestled in the heart of St. Petersburg, where quality, convenience, and charm meet. This newly listed home offers three spacious bedrooms, including a primary bedroom with an en-suite bathroom on the first floor, ensuring privacy and ease of access. Upstairs, a cozy loft paired with 2 oversized bedrooms with newer plush carpeting provides a perfect nook for relaxation and privacy. Cooking enthusiasts will delight in the upgraded kitchen featuring newer appliances and an open concept layout that makes entertaining a breeze. Under the stair access and the 2 car garage mean storage woes are a thing of the past, and a serene pond view adds a picture-perfect backdrop to your living space. Step outside the comfort of your home into a vibrant, gated community that boasts amenities such as a refreshing pool and a welcoming clubhouse. The neighborhood is dog-friendly, so your furry friends will feel just as at home as you do. Ideal for leisure and work, the location offers easy access to downtown St. Petersburg's bustling scene and is just a short drive to the interstate. For added peace of mind, the home is part of a low homeowners association that includes sewer, trash, and water, and there's no need for flood insurance. Rest easy knowing that this sturdy abode stood resilient against storms Milton and Helene. Whether you are seeking vibrant city life or just looking for peaceful neighborhood, this townhouse is a place you proudly call home. So, isn't it time to start your new chapter in this wonderful community? Let's make it happen!
Source: STELLAR #tb8313578
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8313578
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: #tb8313578
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.