5623 80th St N Unit 406 Unit 406 Saint Petersburg, FL 33709
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About this home
One or more photo(s) has been virtually staged. Big Price Drop! Enjoy Easy Living in a Vibrant 55+ Community! *Here your monthly dues go longways! Most of the utilities are covered, including Gas for Heating and Cooking, Water & Trash, Cable & Internet, Common Area Maintenance & More! Discover the perfect blend of comfort and community in this updated one-bedroom, one-bath condominium located in the heart of Five Towns in St. Petersburg. Step into a bright, open living area with stylish vinyl plank flooring, installed in 2023. New Refrigerator 2025, New Gas Stove 2025, With a brand-new A/C system and storm door, both added in 2023, your peace of mind and year-round comfort are already taken care of. The home also features updated window treatments offering light-filled ambiance or full privacy at your discretion. The building maintains your gas hot water for added convenience. Set in the amenity-rich Five Towns neighborhood, you’ll enjoy access to six pools, a hot tub, walking trails, tennis, shuffleboard, bocce, horseshoes, and more—all spread across 111 beautifully landscaped acres. The two clubhouses host everything from fitness centers and billiards rooms to card lounges and auditoriums buzzing with activities: yoga, painting classes, concerts, pancake breakfasts, and so much more. Plus, you'll be minutes from grocery stores, dining, shopping, and the beach, with downtown St. Pete only 20 minutes away. With renovations underway to enhance the community even further, now is a fantastic time to invest in your future. Come see what relaxed Florida living could look like for you today!
Source: STELLAR #TB8399226
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Close stress-free in 45 days, handled start to finish by Roam.
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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.