820 50TH AVE S, Saint Petersburg, FL 33705
One or more photo(s) has been virtually staged. Welcome to this fabulous 4 bedroom 3 bath home with 2 car garage. VA Loan is assumable. Sellers Rate is 4.42. This gorgeously remodeled home is waiting for a new homeowner! As you pull up to the home you will notice the lovely curb appeal with circular driveway and plenty of parking! As you enter through the elegant front door, you will be in a nice sitting area. Notice the beautiful vaulted tray ceilings and 24" tile flooring. To the right there is a nice sized office or bedroom with closet with built in shelving. Further ahead you will enocunter the large living room and to the right is a huge gourmet kitchen and dining area! The kitchen has all been updated with a large island, granite counter tops, 2 sinks, walk in pantry, 42' cabinets for plenty of storage. Pendant lighting and dual wall ovens make for an awesome kitchen experience. That Main suite is located on the first floor. As you enter you will notice the beautiful tray ceiling and crown molding. There are 2 large walk in closets with built in shelving. You will be wowed as you enter the luxurious contemporary main bathroom. Large glass enclosed shower with 3 function shower panel, dual vanities and streamlined freestanding soak tub for you to relax and wipe the stress of the day away! There is a fully updated bath down the hallway near bedroom 3. Large laundry room in back that has plenty of room for storage as well. Up the stairs in the back is a full suite with bedroom 4 and bathroom 3. Great spot for in-laws and guests to have their own privacy! There is potential for a separate apartment. Back part of home has separate electric panel, water heater, central HVAC, laundry and entrance. Out the back of the house is a large yard. Lovely patio area and seating are by a fire pit. Plenty of space to add a pool of ADU. All updates in home were made in 2018! Home is move in ready. This home is not in a flood zone! .6 mile walk to Boyd Hill Nature Preserve or to Tampa Bay to see the beautiful Sunrises. Short drive to shopping, downtown St Pete (3 miles) and the country's most beautiful beaches (Ft Desoto and St Pete Beach approx 6 miles) Stop by and see this wonderful home. VA Loan is assumable. Sellers Rate is 4.42
You may be able to put down less than the total down payment amount of $36,868 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #u8236061