1101 28th Ave S Saint Petersburg, FL 33705
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About this home
PRICE REDUCED!! Inspiring views! Ease and comfort abound as you step into the warm welcome of this appealing 3-bedroom, 2-bathroom bungalow home. In the open floor layout, your inner stylist will find the freedom of a blank canvas. The airy kitchen is newly updated in the popular peninsula layout, which creates ample space for food prep. Beautiful granite countertops are ready for your cutting board, while premium appliances look great and add value. The ensuite primary bedroom, is well-designed and tranquil. In addition to the convenience of the private bathroom (walk-in shower), you will find plenty of walk-in closet space to let your wardrobe breathe. The other 2 bedrooms--ready for guests or residents, and for your decorative touch. The expansive yard gives the lot a recreational feel. A driveway with ample accommodation for visiting vehicles leads to an attached two-car garage that is available for its original purpose or for use as additional flex space. Savor pleasant weather days from your vantage point on the rear porch, as an extension of the home, the inviting space is a natural platform for outdoor furniture sets and the gatherings that naturally follow. Standing on a quiet, low-traffic street, the home is only a short distance to the vibrancy of downtown St Petersburg and the natural beauty of Beaches. The painless commute to concentrations of employment gives you more time at home to pinch yourself over the amazing views of Lake Maggiore. This lovely home is a special opportunity in the Pallanza Park Rep development, within the prime Lake Maggiore area. This home is a blank canvas for your lifestyle and memories.
Source: STELLAR #TB8417923
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FAQs
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.