Welcome to the highly sought-after Anchorage of Lake Tarpon, nestled within the desirable East Lake Corridor. This well-established 55+ active adult community is surrounded by natural beauty, mature landscaping, and abundant wildlife, creating a peaceful setting you'll love coming home to. Situated on a beautifully landscaped corner lot, this meticulously maintained, move-in-ready 2-bedroom, 2-bath home with a spacious 2-car garage offers timeless Florida charm. From the moment you arrive, the inviting curb appeal, covered front porch and lush landscaping make a lasting impression. Step inside to discover a bright, welcoming interior filled with natural light and a thoughtfully designed floor plan that balances formal and casual living spaces. The spacious formal living room features a large picture window that brings the outdoors in, while the adjacent formal dining room is perfect for holiday gatherings and entertaining. The kitchen offers ample cabinetry, generous counter space, Samsung SS appliances. A casual nook provides the ideal setting for morning coffee and everyday meals. The kitchen flows seamlessly into the cozy family room, creating a second living area where family and friends can gather. An informal dining space between the kitchen and family room is perfect for playing cards or game night and has access door to the outdoor living space. Adding to the home's functionality is a true inside laundry room complete with cabinetry, and a utility sink. The split-bedroom floor plan offers privacy for both owners and guests. The spacious primary suite is at the rear of the home and features a large walk-in closet and updated ensuite bath with a walk-in shower, tile from floor to ceiling, and wood cabinetry. A split plan, guests will enjoy a secondary bedroom at the front of the home and a full hall bath. One of the home's desirable features is its indoor-outdoor living design. The expansive pergola covered patio is accessible from the family room, and kitchen, creating a natural extension of the living space, overlooking the beautifully landscaped yard, providing the perfect spot for al fresco dining and entertaining. The oversized 2-car garage offers abundant storage. Major updates provide peace of mind, including a new roof (2024), A/C (2016) with new coil (2025), and water heater (2025). Life in Anchorage of Lake Tarpon extends far beyond your front door. Residents enjoy a remodeled clubhouse and community pool just a block away. The clubhouse features a library, pool table, kitchen, gathering spaces, and a full calendar of social activities. Outdoor enthusiasts will appreciate the community's prime location adjacent to the Pinellas Trail and 250-acre John Chestnut Sr. Park. A private neighborhood walkway provides direct access to Lake Tarpon's boat launch, walking trails, dog park, playground, and scenic natural surroundings. The community is pet-friendly, and golf cart friendly. Conveniently located along the East Lake corridor, near the YMCA, premier golf courses, shopping, dining, and medical facilities, this home is also just 20 minutes from award-winning Gulf beaches, Tampa International Airport, professional sports venues, Ruth Eckerd Hall, and the shops and waterfront charm of downtown Dunedin. This is a rare opportunity to enjoy a classic Florida home in a welcoming, nature-rich community where neighbors become friends, and every day feels like a vacation. NOT IN A FLOOD ZONE.
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.
