723 62nd Ave S, Saint Petersburg, FL 33705
4 beds · 2 baths · 1,374 sqft sqft
WELCOME HOME! THIS CHARMING 4 BEDROOM, 2 BATH BEAUTY BOASTS AN OPEN FLOOR CONCEPT, FENCED IN YARD READY FOR YOUR FOUR-LEGGED BABIES OR PLAYING BALL WITH YOUR FAMILY WITHIN THE PRIVACY OF YOUR OWN BACKYARD. ROOF, HOT WATER HEATER AND ALL APPLIANCES PURCHASED NEW AND INSTALLED N 2021! STRATEGICALLY LOCATED, THIS QUIET AND QUAINT NEIGHBORHOOD IS LESS THAN ONE MILE FROM THE BAY, A QUICK 10 MINUTE DRIVE TO ST. PETE BEACH AND 10 MINUTES TO TROPICANA FIELD IN DOWNTOWN ST. PETERSBURG. ENJOY THE ACCESS TO ALL OF ST. PETERSBURG WITHOUT THE NOISE OF THE BUSY AREAS. THE CHARM GREETS YOU IN THE ENTRY-WAY OF THE HOME WHERE YOU ARE MET WITH A SPACIOUS FLOOR PLAN, FLOOR TO CEILING WINDOWS AND CHARACTER IN THE ARCHITECTURAL TOUCHES YOU CAN'T FIND ANYWHERE ELSE. A TRUE GEM IN A FAMILY-CENTRIC NEIGHBORHOOD. YOUR NEW HOME IS WALKING DISTANCE TO DOG PARKS, TENNIS COURTS, BOAT ACCESS RAMPS AND SUNSET VIEWS OVER THE SKYWAY BRIDGE. SPEND YOUR SATURDAYS MEANDERING DOWN THE FAMOUS PINK STREETS OR FISHING AT DOLPHIN PARK! AS A BONUS OPTION FOR PASSIVE INCOME THE CURRENT OWNER TRANSFORMED THE ADD-ON FOURTH BEDROOM INTO A RENTAL SPACE PROVIDING PROVEN SUCCESS IN INCOME. WHILE IT IS PERFECT FOR A LARGE BEDROOM WITH AN EN-SUITE BATHROOM OR LARGE OFFICE THIS SPACE IS PERFECTLY SET UP TO CONTINUE AS SHORT-TERM RENTAL INCOME WITH ITS OWN PRIVATE ENTRY AND PATIO AREA. UNDAMAGED WITH ZERO FLOODING BY THE 2024 HURRICANES, THIS PROPERTY IS LOCATED IN EVACUATION ZONE C AND FLOOD ZONE D. OWNER WILLING TO SELL FURNISHED OR UNFURNISHED.
Source: STELLAR #w7866781
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #w7866781
Source: Public records
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: #w7866781
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.