7561 18th Way N, Saint Petersburg, FL 33702
3 beds · 2 baths · 1,582 sqft sqft
Discover the privacy of your own Bohemian Oasis located in the middle of desirable Meadowlawn. This home features 3 bedrooms and 1.5 baths and has many upgrades, starting with a new roof completely replaced in 2022, solar panels, hot water heater and insulation in 2019. New range, dishwasher and refrigerator in 2021. New vinyl planking flooring throughout the home., granite countertops and kitchen cupboards all replaced in March 2024. Fresh exterior paint in March 2024. This turnkey home is waiting for you and your family with open floor plan and added family room for entertaining. The backyard boasts complete privacy with gazebo enclosed 6 person hot tub with waterfall and LED lighting, wood decking, and cement pad for added entertainment or for family gatherings, multiple storage units that convey with the property as well as mature landscaping in front and back yard. This home is centrally located with seven public schools and 3 private schools within 2 miles, 2 international airports within 20 minutes, downtown Rays stadium and all dining and entertainment just 15 minutes away as well as the beautiful gulf beaches also 15 minutes away. This is your dream home, don't let it get away.
Source: STELLAR #u8253527
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #u8253527
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.
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.
MLS ID: #u8253527