5623 80th St N # 406, Saint Petersburg, FL 33709
1 beds · 1 baths · 870 sqft
Welcome to this delightful one-bedroom, one-bathroom condominium unit in the charming 55+ community, Five Towns. As you enter, you'll be greeted by a bright and spacious living area that exudes comfort and style. The freshly painted walls (everywhere except bedroom) and new vinyl hard flooring installed throughout in 2023 create a warm and inviting atmosphere. The NEW AC (2023) and storm door (2023) ensure year-round comfort and peace of mind. The unit also boasts newer window treatments, allowing for the option of full privacy. Conveniently located in a sought-after 55+ community, this condominium offers a perfect blend of comfort, convenience, and a sense of community. Gas hot water is maintained by the building. Buyer to verify all listing information. This is a fantastic investment! Five Towns is renovating its amenities over the next few years, which will only add value to these properties. Location is just a short drive to Publix, banking, restaurants, and shopping and only a 10-minute drive to the beach or a 20-minute drive to downtown St Pete! Five Towns is on 111 acres and has 9 ponds, 6 pools and a hot tub, 3 outdoor kitchen style gazebos with grills and refrigerators, tons of walking area, tennis courts, shuffleboard courts, horseshoe, bocce ball, and 2 clubhouses which house a billiards room, a library, 2 fitness centers, 2 auditoriums, and 2 card rooms. There are events happening almost every day of the week, including Card Games, Yoga, Mahjongg Classes, Exercise Classes, Theater Club and Events, Painting, Card Making, Quilting, Swimming, Dances, Pancake Breakfasts, Band Concerts, and more!! You will not find a more immaculately cared for 55+ community in St Pete! Come see what your new life could look like today!
Source: STELLAR #u8238688
Source: STELLAR #u8238688
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: #u8238688
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.