This beautifully updated 3-bedroom, 2.5-bath home in the desirable Overlook community is sure to impress. MANY UPDATES IN 2022! Recent improvements include a newer A/C, a fully remodeled primary bathroom, an updated kitchen, an enclosed screened in porch off the primary bedroom, and luxury vinyl plank flooring throughout, offering both style and durability. Step inside to a bright and inviting floor plan designed for comfortable living and effortless entertaining. The updated kitchen features a convenient breakfast bar, perfect for casual dining or gathering with family and friends. The spacious primary suite serves as a private retreat with an oversized walk-in dressing closet and a beautifully renovated en-suite bathroom complete with a separate shower and relaxing soaking tub. Sliding glass doors lead to the enclosed screened in porch, creating the perfect space to enjoy your morning coffee while overlooking the peaceful estuary. The HOA offers outstanding value by covering the roof, exterior building maintenance, lawn care, water, trash service, and flood insurance for the building's exterior. Residents also enjoy access to the community's geothermally heated pool, providing comfortable swimming and relaxation throughout the year. Offering added peace of mind, this home remained high and dry during Hurricane Helene with no flooding, making it an exceptional choice for buyers seeking the Florida lifestyle without the worry. Residents also enjoy access to the community seawall, where you can conveniently launch a kayak or paddleboard and explore the surrounding waterways. Just minutes away, Largo Datsko Park offers walking trails, open green space, a playground, tennis and pickleball courts, basketball courts, and recreational amenities for all ages, adding even more to this home's outstanding location. Ideally located just minutes from TPA and PIE Airports, shopping, dining, major roadways, and some of Florida's most beautiful Gulf beaches, this move-in-ready home combines modern updates, an unbeatable location, and exceptional comfort. Don't miss your opportunity to make it yours!
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.
