918 45th St N, Saint Petersburg, FL 33713
2 beds · 2 baths · 1,309 sqft
RARE OPPORTUNITY to own this beautifully renovated home in desirable and sought after Central Oak Park. Located in a high and dry area of St. Petersburg, this home has not flooded and experienced no damage from Helene or Milton. This is a true, historic gem loaded with charm and unique features: Traditional foyer, sunk in living room and formal dining area located off the open concept kitchen. Original, refinished hardwood floors and the wood burning fireplace with vintage tile add a welcoming flair and coziness. You will enjoy a generously sized master bedroom suite with brand new ensuite bathroom boasting designer tile and fixtures. Both bedrooms feature large cedar closets and plenty of natural light. Situated in a great location, this bungalow is close to schools, parks, and just 10 minutes away from the vibrant St Petersburg's downtown scene. Additionally, you're a very short drive to all shopping and the pristine sands of Gulf Coast beaches. A few of the features and updates include the house being totally rewired in 2021, some windows replaced, attic insulated with green star panels, AC replaced in 2016. A fully permitted second bathroom was added with all new plumbing and electric. The tastefully renovated kitchen with custom cabinets, quartz countertops and 2 live edge wood top bar areas offers the ideal space to entertain family and friends. There is a large attic with high ceilings that could be converted into additional living space or used for storage. The house is fully fenced and provides for a private area to enjoy the nice back yard with patio A detached garage is accessible via the alley in the rear of the house.
Source: STELLAR #a4626588
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4626588
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: #a4626588
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