Experience elevated coastal living in this exquisitely remodeled 4 bedroom, 3 bath residence nestled in the highly sought-after Ozona community. Perfectly positioned near marinas, the Gulf of Mexico, downtown Palm Harbor, and just moments from Dunedin’s vibrant entertainment district, this extraordinary property seamlessly blends luxury, comfort, and versatility. Set on nearly 1/3 acre with mature trees creating a private natural backdrop, this stunning home welcomes you with a spacious composite front deck and an inviting open concept design filled with warmth and sophistication. The expansive great room features a striking stone fireplace and flows effortlessly into the beautifully appointed gourmet kitchen complete with a large center island designed for entertaining and everyday living alike. The luxurious primary suite offers a serene retreat with a private screened balcony overlooking the sparkling enclosed pool, elegant paver lanai, and outdoor shower… creating the perfect setting to unwind in true Florida style. Downstairs, a substantial bonus living area showcases its own fireplace and fully equipped second kitchen, offering exceptional flexibility for a mother-in-law suite, guest quarters, multigenerational living, or private entertaining space. Thoughtfully updated throughout, notable improvements include solar panels (2020), plantation shutters (2020), HVAC (2018), fresh interior and exterior paint. Additional features include RV parking, a spacious 2 car garage, backyard storage shed, and easy access to public boat ramps and marinas just minutes away. Located within a golf cart friendly coastal community renowned for its charming restaurants, antique shops, top rated schools, and close proximity to the Pinellas Trail and beautiful Gulf beaches, this one-of-a-kind property offers the ultimate Florida lifestyle. Zoned for Ozona Elementary, Palm Harbor Middle, and Palm Harbor University High School. Schedule your private tour today and discover the rare blend of elegance, coastal charm, and endless possibilities this remarkable home has to offer.
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.
