This meticulously maintained 3-bedroom, 2-bath pool home offers the perfect blend of comfort, quality, and peace of mind. From the moment you arrive, you’ll appreciate the pride of ownership throughout every detail. Step inside to find a bright, open layout featuring updated flooring, fresh interior paint, and custom touches like powered window blinds and charming barn doors. The homeowners thoughtfully enclosed the exterior patio, adding over 200 sq ft of living space — now a private home office with a dedicated mini split A/C system and French doors leading to both the master suite and kitchen area. The primary suite is a true retreat, complete with a relaxing garden tub, large walk-in shower, and spacious walk-in closet enhanced by stylish barn doors. Out back, enjoy your very own saltwater pool and spa, surrounded by updated pool pavers (2022), a new pool heater (2021), and new filter and pump (2023). The backyard also features a new Tuff Shed (2022) for extra storage and a screened patio perfect for entertaining or unwinding. The community features include a playground, tennis courts, pool and pickleball courts for yearlong enjoyment. Major updates give you peace of mind for years to come: Roof (2023) Hurricane-rated windows & doors (2021) AC (2019) Garage door (2023) & epoxy floors (2022) Hot water heater (2018) Irrigation system & controller (2020) Located in Flood Zone E (flood insurance is optional) — this home has never flooded or sustained hurricane damage. Ideally situated within walking distance to the local elementary school and park, and just minutes from shopping, dining, and Florida’s best beaches. Move-in ready, beautifully updated, and truly turn-key — this Palm Harbor gem has it all!
3488 Ridge Blvd, Palm Harbor, FL 34684
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.
