VA loan
1 of 34
VA loan
$499,000

5870 39TH AVE N, Saint Petersburg, FL 33709

3 beds · 2 baths · 1,518 sqft

Introducing your dream home just in time for summer! This charming 3-bedroom, 2-bathroom residence offers a delightful combination of modern comfort and timeless appeal. Nestled in a convenient location, this property promises a lifestyle of relaxation and enjoyment. Upon entering, you'll be greeted by an inviting open concept layout, perfect for entertaining family and friends. The master bedroom is thoughtfully separated from the 2nd and 3rd bedrooms, offering privacy and tranquility. The heart of the home lies in the beautifully updated kitchen, featuring sleek white Ikea cabinets, a WIFI slide-in range, French door refrigerator, solid surface countertops, and a stunning marble backsplash. The built-in vintage China hutch with glass knobs adds a touch of character and elegance, while the soft close doors and drawers enhance functionality. Step into the cozy living room adorned with charming brick accent walls and a wood-burning fireplace complete with a new mantel, creating a warm and inviting atmosphere. Updated master bedroom and bath provide modern comforts, while new lighting fixtures throughout illuminate the space with style. Outside, the sparkling pool awaits, offering a refreshing retreat on hot summer days. The new pool pump installed in 2021 ensures hassle-free maintenance and endless hours of enjoyment. Practical updates including a roof and AC replacement in 2015 provide peace of mind for buyers, along with current 4pt and wind mitigation reports available upon request. And with no flood insurance required, you can rest easy knowing your investment is secure. Located just 7 miles from the beach and downtown, this home offers the perfect blend of convenience and lifestyle. Whether you're lounging poolside or exploring the vibrant nearby attractions, there's something for everyone to enjoy. Don't miss out on this incredible opportunity! With its irresistible charm and modern amenities, this home is sure to capture your heart. Schedule a showing today and make it yours before it's gone!

Interest rate 3
3.6%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,194
With Roam
$1,593
Reduce your monthly payments by $399 when you assume this mortgage.
You also save $119,793 in total interest paid.

$263,011
Edit

You may be able to put down less than the total down payment amount of $263,011 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.

Location

Details

Home
Size
1,518 sqft
Lot size
0.19 acres
Year built
1956
Type
Single Family Residence
Loan
Remaining term
25 years
Rate
3.6%
Monthly P&I
$1,194
Remaining loan balance
$235,988

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.

View all FAQs
Last updated: Sep 18, 2024 09:14 am
Listing agent: Helen Greiner (727) 481-8793
Listing provided courtesy of: SALTY HUT PROPERTIES LLC (727) 481-8793
Details provided by STELLAR and may not match the public record.
MLS ID: #u8245079
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2024 MLS GRID. All Rights Reserved.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 45 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,194/mo
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