550 Northmoor Ave N, Saint Petersburg, FL 33702
3 beds · 2 baths · 1,048 sqft
Welcome to 550 Northmoor, a charming 3 bedroom 2 bathroom stunningly remodeled home in the heart of St. Petersburg, FL. Step inside to find a beautiful marriage of modern and function. Every inch of this home was lovingly updated throughout and planned by the owners. A large fully remodeled kitchen with impressive amounts of countertop and cabinet space. SO MANY UPDATES it'll knock your socks off: WHOLE HOUSE PLUMBING UPDATED, NEW electric panel, water heater, gutters. Newly remodeled bathrooms, kitchen, master bedroom and landscaping. New luxury floors, lighting, accent walls, paint, washer dryer located inside the home. The GEM of this home is the fully fenced massive lot with SUPER FUN stock tank pool, outdoor kitchen, pergola putting green and top of the line turf. Ample room to build an in-ground pool, store your RV/boat or add onto the house. Enjoy the convenience of being within walking distance from Fossil Park, 4th Street where you'll find an array of shopping, dining, entertainment, and grocery options. Scoop up your slice of the growing City of St Pete--central to everything the Sunshine City has to offer! Close to downtown, Gulf Beaches, Tampa International airport, restaurants, Publix, waterfront, parks--the list goes on. Schedule your tour today!
Source: STELLAR #tb8312619
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8312619
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 30-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: #tb8312619
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.