8462 8th Way N, Saint Petersburg, FL 33702
3 beds · 3 baths · 1,515 sqft
This home did not suffer any damage during either of the most recent hurricanes, and neither the subject home nor the surrounding homes in the immediate neighborhood experienced any flood damage. This immaculate Northeast St Petersburg 3bedroom/3bathroom/1car garage pool home features a jaw dropping brand new renovation. This unique homes floor plan consists of 2 bedrooms and 2 bathrooms with an attached garage in the main home, and in addition showcases a bonus detached 1bedroom/1bathroom pool house with separate entrance. This home will be a perfect fit for a multi-generational family in need of the extra space, a professional that works from home desiring a separate dedicated office space, or a savvy homebuyer looking to capitalize on the passive income stream renting the space. You will fall in love entering the home with natural light pouring through the new windows illuminating a wide open floor plan showcasing the brand new dream kitchen which looks like it has been pulled from a HGTV feature. The massive kitchen island topped with a gleaming high end Quarts countertop sits as a focal point, providing the most ideal space for entertain friends and family. The Shaker style cabinetry supply tons of storage space and come complete with soft closing hinges and trendy hardware. This dream kitchen is finished with an elegant light tone backsplash, and a a brand new set of stainless steal appliances. Both of the bathrooms have been tastefully remodeled with a modern touch. The family room provides an additional living space holding endless design possibilities to create a perfect place for your family to come together each and every night. French doors open from the family room to an expansive fully fenced back yard and huge in-ground pool with patio surrounding perfect for outdoor entertaining. This backyard oasis will be the setting you create lifelong memories with all your friends and family. You will also take comfort with the privacy provided being located on a cut-de-sac with only a handful of homes on the street. Other new upgrades include brand new flooring, tile, baseboards, trim, ceiling fans, light fixtures, receptacles and light switches, faucets, toilets, shower heads, plumbing fixtures, supply lines, vanities, sinks, countertops, interior and exterior doors, hardware, and a fresh coat of paint inside and out. Amazing Northeast St Petersburg location giving you easy access to Downtown St Petersburg, Tampa, International airports, world renown beaches, restaurants, nightlife, shopping, golf courses, sporting events, concerts, arts, and all the St Petersburg area has to provide.
Source: STELLAR #TB8336888
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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
Source: STELLAR #TB8336888
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “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.
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 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.
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