One or more photo(s) has been virtually staged. Welcome to this beautifully upgraded 3-bedroom, 2 full bathroom home with a 2-car garage, built in 2021 and perfectly situated on a spacious corner lot in the charming coastal community of Tarpon Springs. From the moment you arrive, you’ll appreciate the extra-large driveway, inviting front porch with custom railing, and the attention to detail throughout this move-in-ready property. Inside, the home offers stylish diagonal-laid tile flooring, crown moulding, tray ceiling in the primary suite, dimmer lighting in the kitchen and dining room, and five ceiling fans with remotes for added comfort. The thoughtfully designed layout includes a walk-in pantry with motion lighting, drop-zone cabinetry with granite countertops, laundry room cabinetry with granite surfaces, pocket doors in the primary bath area, and upgraded carpet padding in all bedrooms. Step outside to your fully fenced private backyard featuring new sod, irrigation system with separate meter, and an oversized concrete patio complete with a 220-volt 50-amp hot tub circuit—perfect for relaxing or entertaining. Additional highlights include hurricane shutters, insulated and vented garage ceiling, garage exhaust fan, side garage access door with walkway, rear walk door, garage door opener, and deadbolts on all exterior doors. Enjoy living in vibrant Tarpon Springs, known for its beautiful beaches, waterfront parks, unique shops, delicious restaurants, year-round community events, and the world-famous Tarpon Springs Sponge Docks. With nearby outdoor recreation, boating, festivals, and the Pinellas Trail, this exceptional newer home offers the perfect blend of modern comfort and the Florida lifestyle.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
