5900 Leeland St S, Saint Petersburg, FL 33715
4 beds · 3 baths · 3,538 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Stunning Single-Family Home in the private gated community of Bayway Isles in St. Petersburg, FL. Perfectly situated, with just a short hop to world-class beaches or the highway to downtown St. Petersburg or downtown Tampa in less than 30 mins. This distinctive, updated, Mediterranean-style 2-story offers the perfect blend of style and elegance with expansive outdoor living space for entertaining or relaxing. This home features a separate living room with tall ceilings and custom built-in bookshelves, new luxury vinyl flooring, family room with a fireplace, and large brand-new patio sliding doors to access the outdoor oasis, plus a formal dining room ideal for family living and entertaining. The gourmet kitchen offers all the modern conveniences plus additional bar seating area for those informal breakfasts overlooking the family room with New French doors. The primary bedroom located upstairs has incredible storage, including a walk-in closet, and stunning views of the water from the outside balcony through the new French doors, not to mention the spacious ensuite. The second primary suite has oversized wall-to-ceiling windows for plenty of light, stylish plantation shutters, with upgraded bathroom, and glass shower with new shower head and new toilet. Additionally, there are new ceiling fans, new carpet, and a new water heater for those long showers. Step outside and discover your private oasis: a large, lush backyard complete with newer pavers for minimum maintenance and an oversized heated sparkling private pool with new coping and a new pool pump perfect for relaxing or hosting gatherings. The outdoor entertainment, complete with oversized Venetian lanterns, is an area designed for rejuvenation with space for lounging, dining, and enjoying the sunny weather. The meticulously maintained putting green adds a touch of luxury, ideal for golf enthusiasts or enjoy a fun activity for the entire family in the comfort of their own home. This move-in ready home is one of a kind, offering luxury and a resort-style lifestyle to create those lifelong memories with family and friends. DO NOT miss this exceptional property; schedule a tour today.
Source: STELLAR #O6293531
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #O6293531
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.