6366 38th Ave N, Saint Petersburg, FL 33710
3 beds · 2 baths · 1,044 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Easy to show...Back on the market- Buyer was unable to close due to their loan being denied past the day of closing. Inspection and appraisal were already completed. (home appraised for $340k Fha financing). Loan denial had to do with buyer not the house. Check out this charming home conveniently located in Miles Pines right near Holiday Park neighborhood in Central Saint Pete on a 60x130ft lot! This solid block 3 bed, 2 full bath, spit plan home is in a Non-flood zone (X) and Evacuation zone D and is the PERFECT starter home, second home or investment property. Inside was renovated in 2016. NEW ROOF 2019, updated vinyl floors in living area and bedrooms (2024), tile in all other rooms (NO CARPET). Inside, the kitchen has updated cabinets, granite counters and updated appliances, Dishwasher (2023), Microwave (2022). The primary bedroom (12x15) has an en-suite full bath and an inside laundry closet with a new washer and dryer (2024). The other 2 bedrooms on the opposite side of the home are also a decent size. There is plenty of parking out front with a large circular driveway. Imagine the possibilities in the expansive fenced-in backyard. It is a vast, blank canvas waiting for your creative touch. This home also comes with an ADT security system with window and door sensors, camera and ring-doorbell. Located near Saint Pete General Hospital and just minutes from popular restaurants like Casita Taqueria, Kobe Steak house, Twistee Treat and shopping at Tyrone Mall and more. Short drive to Downtown St. Pete, Treasure Island Beach, and easily accessible to I-275. Northwest Rec and Gladden Park Recreation Center and the Elks Lodge are also just a short drive away (about a mile or less) and offer fun for all ages, including a Picnic Pavilions, Shuffleboard Courts, Basketball Court, Pickleball & Tennis, swimming pool and Fitness Areas. Seller willing to pay some buyers closing costs depending on how offer is structured. Call to view this beautiful home TODAY!
Source: STELLAR #TB8325825
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 #TB8325825
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 and Equal Opportunity Act.