566 Vallance Way NE Saint Petersburg, FL 33716
Your savings
About this home
One or more photo(s) has been virtually staged. PRICE IMPROVED AND READY FOR IMMEDIATE SALE. This beautifully updated townhome delivers location, lifestyle, and value in one incredible package. Owned and meticulously maintained by a military family, this fee simple home in Northeast St. Petersburg offers quick access to both Downtown St. Pete and Downtown Tampa via Gandy Bridge and 4th Street. Built in 2002 with major updates including fresh interior paint in Summer 2025, new HVAC in 2023, new roof in 2022, and new luxury vinyl plank flooring throughout the first floor. The open main level features a granite kitchen with island, half bath, impact glass sliding door and window, and a one car attached garage. Upstairs you will find three bedrooms including a spacious primary suite with walk in closet, soaking tub, and separate shower, along with a split plan layout and full laundry room with washer and dryer. Brighton Bay offers a community pool, tennis courts, basketball half court, sand volleyball, and walking paths, all with low HOA fees and no damage from the Fall 2024 storms.
Source: STELLAR #TB8427824
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.