Nestled within the highly sought-after Pinnacle at Cobb's Landing, this DISTINGUISHED Marc Rutenberg custom residence exemplifies timeless architecture, quality craftsmanship, and refined Florida living. Offering 3,163 square feet of thoughtfully designed single-story living space, this spacious residence features 4 BEDROOMS, 3 BATHROOMS, and a private EXECUTIVE OFFICE complete with custom built-in shelving that can easily serve as a 5TH BEDROOM if desired. A well-designed split-bedroom floor plan provides both privacy and functionality, while soaring ceilings, elegant architectural details, ENGINEERED WOOD FLOORING throughout much of the home, and abundant natural light create an inviting atmosphere. At the heart of the home, the expansive kitchen and family room blend seamlessly together, creating the perfect setting for everyday living and entertaining. The family room is anchored by a GAS FIREPLACE that adds warmth and character, while formal living and dining spaces provide additional flexibility for hosting family and guests. The privately situated primary suite serves as a peaceful retreat with generous closet space and a well-appointed en suite bath. Outdoor living is elevated by a HEATED SALTWATER POOL, covered lanai, and mature landscaping, while the FULLY FENCED BACKYARD offers a rare feature as the only fenced homesite within the community. Additional highlights include SOLAR PANELS, a WHOLE-HOME REVERSE OSMOSIS WATER FILTRATION SYSTEM, GRANITE COUNTERTOPS, a NEW POOL PUMP, and numerous updates that reflect pride of ownership throughout. Residents of Pinnacle at Cobb's Landing enjoy exclusive access to a COMMUNITY BOAT RAMP with direct access to Lake Tarpon, along with parks, tennis courts, basketball courts, and scenic sidewalks. Ideally located near top-rated Palm Harbor schools, golf courses, marinas, shopping, dining, and Gulf Coast beaches, this exceptional residence presents a rare opportunity to own a beautifully maintained home in one of Palm Harbor's most desirable communities.
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.
