5603 80th St N # 207, Saint Petersburg, FL 33709
1 beds · 1 baths · 870 sqft
Your dream Florida lifestyle awaits at 5603 80th St North #207, St. Petersburg, FL 33709! This meticulously updated condo in the sought-after Five Towns Community offers worry-free living with an abundance of amenities and conveniences. Step into this recently renovated one-bedroom, one-bathroom condo, and experience comfort, style, and convenience. The open layout seamlessly integrates the living room, dining area, and kitchen, perfect for entertaining or relaxing in your own sanctuary. Enjoy the benefits of gas heating, high-end appliances, and impact windows and doors, ensuring both comfort and safety. The kitchen is a chef's delight with modern cabinetry, stainless steel appliances, and ample counter space, including a bar area for casual dining. Newly installed in 2023, the air handler and electric panel provide efficiency and reliability, along with new wiring and ceiling fans for added comfort. Cable TV, internet, gas, water, sewer, trash, and insurance are included in the HOA fees, ensuring hassle-free living. The Five Towns lifestyle offers unparalleled amenities, including two clubhouses, six pools, a hot tub, tennis courts, shuffleboard courts, bocce ball, and more. Indulge in community events and activities, from poolside grilling to fitness classes. Conveniently located, this community puts everything within reach. Publix grocery store is just around the corner, while shopping, dining, and entertainment options abound nearby. Spend weekends at beautiful beaches just a 10-minute drive away or explore Downtown St. Pete, just 20 minutes from your doorstep. With elevator access and included maintenance services for exterior, grounds, repairs, pest control, and pool, worry-free living has never been easier. Don't miss out on this opportunity to embrace the Florida lifestyle you've been dreaming of. Schedule your viewing today! you can get this condo with very small down payment if you qualified ask your lender. Current owner has a VA loan on this property. This is a 55 plus community. Deal Opportunity: Nontraditional Seller Financing – Your Path to Homeownership! ?? Perfect for Buyers with Credit Challenges or Income Verification Issues! Here’s your chance to own a home without the hassle of qualifying for a traditional mortgage. The seller is offering an amazing nontraditional financing opportunity: $30,000 Cash Down Payment – Get started with a reasonable upfront investment. ? Mortgage Assumption – Take over the existing loan with a balance of $122,582 at an interest rate of 6.125. ? Affordable Monthly Costs – Enjoy manageable payments of $1,089.84 PITI (Principal, Interest, Taxes, and Insurance). ? HOA Fees of $495 – Covering shared amenities and property maintenance. This is a perfect solution for buyers who have been turned away by banks or don’t meet conventional loan requirements due to: Credit history concerns. Difficulty verifying income ( freelancers, etc.). Instead of waiting years to qualify for a traditional loan, you can step into homeownership now and start building equity today!
Source: STELLAR #w7863844
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #w7863844
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: #w7863844
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.