8897 54th St N Pinellas Park, FL 33782
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About this home
Short Sale. Huge Price Reduction!!! Priced Below Appraised Value!!! This gorgeous 3 Bed 1.5 Bath BLOCK home sits on a CORNER LOT with plenty of room for a pool. Upon entering the home you will notice the open floor plan, granite countertops, bar seating, stainless steel appliances and pantry closet. This home has a dining area, family room and living area. The primary bedroom is accompanied by a convenient half bath and the second and third bedrooms offer the perfect space for family, friends or an office. The utility room is conveniently located in the interior of the home and offers additional space. The gorgeous vinyl plank flooring, light fixtures, bathrooms, HVAC, roof, electric panel, windows and blown insulation have all been updated and are less than 10 years old. The front covered porch offers plenty of room for seating and the screened in back porch opens up into a MASSIVE FENCED BACKYARD with additional concrete patio perfect for grilling and entertaining. NO HOA or CDD. This home is just a short walk from Skyview Pool, minutes from downtown St. Pete, Gulf Beaches with quick access to I 275 and Tampa International Airport. Call for your showing today!
Source: STELLAR #TB8397374
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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.