SPECTACULAR... HIGH & DRY location adjacent and facing the 18th hole of the St. Petersburg Golf and country club. !.. IN ADDITION, Your view from your living room encompasses the 245 acre Boyde Hill Nature Reserve on the other side of the Fairway. This property sits on an oversized lot, completly fenced in and perfect for your NEW INGROUND POOL. And above all.. HIGH & DRY !!!! This home provide ample room for parking your RV or boat on the property. This mid century home offers GRANITE COUNTERS, GREAT CABINET SPACE, ORIGINAL OAK FLOORS, NEWLY INSTALLED HURRICANE IMPACT FRONT DOOR and BAY WINDOW. NEW HOT WATER HEATER, (2024), NEW HVAC (2023), NEW WALK-IN SHOWER (2024), WHOLE HOUSE SOLAR PHOTOVOLTAIC SYSTEM (PAID OFF), PARTIAL IMPACT WINDOW INSTALLATION (2022). FINISHED ENCLOSED PORCH, COVERED ENTRY, COVERED PATIO. Lakewood Estates is quickly becoming Saint Petersburg wanna be, renaissance living area due to the elegance and spaciousness of afforded by both the St. Petersburg Golf and country club and the Boyd Hill Nature reserve. This home is very conviently located near award winning beaches, hospitals, resturants, 20 minutes to Tampa international airport, Universities, Shopping, the AMAZINGLY VIBRANT social down town St. Petersburg with its Museums, Skyway Marina district, waliking trails, fishing, Maximo marina and boat launches and rentals. Ten minutes youre on St. Pete beach and the pubs, dancing, resturants, hotels, BEAUTIFUL sunsets sitting comfortably on Passe A Grille sipping that cocktail from the water line or the look out third floor bar in one of several resturants that line the beach front. ALL OF THIS.. within a few miles of your new home. The young family, retired couple...golfer..boater or just a beach goer, .. THIS IS YOUR HOME. *The photos above are taken from archived photos and prior listing of this property, (With full permission). Sellers are in the process of moving and desired and true representation of this property would be difficult to express at this time * Thank you for your understanding.
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.
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.
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
