6672 56th Ave N, Saint Petersburg, FL 33709
3 beds · 2 baths · 1,362 sqft
Welcome to 6672 56th Ave N – a beautifully renovated 3-bedroom, 2-bath home in vibrant St. Petersburg, located in unincorporated Pinellas County. BRAND NEW ROOF 2025. FLOOD ZONE X. High & Dry - no flooding from hurricanes - This turnkey property features modern finishes throughout, including updated flooring, brand new shaker-style wood cabinets, brand new quartz countertops, and stainless steel appliances in a spacious and stylish kitchen. Enjoy the large screened-in patio that’s perfect for relaxing or entertaining, along with an expansive backyard that includes a detached 224 sq. ft. bonus structure offering incredible potential for additional income or flexible use. Situated in a location that allows short-term rentals and an owner-occupied accessory dwelling unit (ADU), this is the perfect opportunity for house hackers looking to create a secondary living space while occupying the main home or vice versa. Buyers are advised to verify all use regulations directly with Pinellas County. With a covered carport, ample yard space, and updated systems throughout, this property offers both comfort and long-term value—schedule your private showing today!
Source: STELLAR #TB8364949
Financials
Source: Public records
Source: STELLAR #TB8364949
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.