Stepping into this home feels like stepping into a vacation home every day with an open floor plan and natural light creating a warm and inviting atmosphere to enjoy the salt life. Located in a non-evacuation, no flood zone, this block home is ready to be your Largo home! An open kitchen with stainless steel appliances and granite counter tops lets you enjoy family and guests when cooking and creating favorite or new culinary delights. The Florida room is a sunny and a comfortable place to play, relax or watch favorite movies. The updated and well-lit bathroom has a walk in shower, and a generous granite topped vanity with drawers. The private fenced backyard (2023) makes a wonderful area to pause and take advantage of Florida’s fabulous weather, binge watch birds, do some gardening, chill out with family, entertain friends, and show off grilling skills. And the metal roof (2021) and energy star HVAC with Wi-Fi thermostat (2023) add to your year round comfort. The location is fantastic and convenient to everything that’s making Largo so desirable including close by Largo Central Park that’s a vibrant hub with year round community events for all ages, play and picnic areas, shaded walking paths, fire-pit, a 1 acre play field and more. Highland Recreation Center has plenty of parking for friends and family gatherings and the walkability is less than .5 miles and is an excellent place to take advantage of parks, free outdoor gym, walking trails plus lit basketball and tennis courts. Highland Family Aquatic Center has a swimming pool, an active indoor gaming room and a scenic lake with a dock and fishing-there's so much for all ages to play, workout or relax. This superb location also includes Largo Public library, coffee shops, varied shopping, grocery stores, natural foods groceries, shopping malls, most things medical including hospitals and pharmacies, and enough dining options to satisfy many different tastes. Pinellas county’s sandy Gulf beaches are close by with lots of diverse year round entertainment, pubs, outdoor events, beach shopping, and waterfront dining and so much more including sunny days. Easy access to major roadways ensures you’re never far from everyday essentials, local favorites, new place to explore along with other favorite places including but not limited to Dunedin with a popular downtown and breweries, Tampa’s city life, Safety Harbor with a renowned spa, the Tarpon Springs unique culture, St Petersburg for so many favorite things including the arts, and Clearwater where’s there’s always something to see or do. Now is your opportunity for this Florida home to be your home, or maybe a 2nd home, an investment, a closer to the beach get away, being nearer to work, or being nearer to family and friends in a dynamic Largo where there’s lots to do or relax and enjoy your Florida lifestyle.
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.
