5000 Chancellor St NE Saint Petersburg, FL 33703
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About this home
Welcome to 5000 Chancellor St NE—a thoughtfully designed modern home blending style, comfort, and functionality in one of St. Petersburg’s most sought-after neighborhoods. This brand-new construction features soaring 10-foot ceilings and sleek 8-foot doors throughout, creating an open, airy flow filled with natural light. The home offers 3 spacious bedrooms and 2 beautifully appointed bathrooms, perfect for modern living. Step into the chef-inspired kitchen, highlighted by custom cabinetry, quartz countertops, stainless steel appliances, and a large island with pendant lighting—ideal for cooking, entertaining, and gathering. The expansive open-concept living and dining space is accented with contemporary fixtures and wide-hardwood flooring, seamlessly connecting to the outdoors. The primary suite is a retreat of its own, complete with a private balcony, walk-in closet, and spa-like bath featuring dual vanities, designer finishes, and a glass-enclosed shower. Secondary bedrooms are generously sized, with large windows and ample closet space. Additional highlights include: • Designer lighting and hardware with a modern touch • Two-car garage with sleek doors • Covered front porch and upstairs balcony for indoor-outdoor living • Screened-in lanai and fully fenced backyard for relaxation and privacy Conveniently located near vibrant Downtown St. Pete, waterfront parks, dining, shopping, and just minutes to the beaches, this home offers the best of Florida living with modern luxury. Don’t miss your opportunity to own this new construction home in one of St. Pete’s premier locations!
Source: STELLAR #TB8430763
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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.