This beautiful single-story Rutenberg custom home in the established neighborhood of Spanish Oaks in Palm Harbor perfectly blends comfort, character & houghtful updates throughout.Offering a split floor plan w/four bedrooms, three baths, a private office, and a flexible bonus area, this home provides 2,808 square feet of comfortable, beautifully laid-out living space for everyone.Stepping into the foyer there is a large living room to the right and an adjoining additional flex space that could be used as a formal dining room & there is still a large casual dining area with easy access to the kitchen. Just adjacent to the kitchen and family room, you’ll find a flex space that’s perfect for a playroom, bonus room, hobby area, or even a second living space. The large family room features custom shelving & storage, & a custom wood burning fireplace that adds warmth & charm, making it an inviting place to gather. The kitchen is light and bright, completely remodeled in 2023 with a deep stainless steel sink, quartz countertops and Wi-Fi compatible stainless steel appliances, including a convection oven, microwave, and dishwasher. It’s a space that’s as functional as it is beautiful & ready for casual breakfasts, family dinners, or weekend entertaining. Luxury vinyl plank flooring added in 2022, gives the living room and bedrooms a modern, cohesive feel.The updates continue with a new roof, and gutters in 2023, plus the flat roof has added insulation for lower electric bills. The 3E 18 SEER Air-Com AC system, installed in 2024, comes with a Wi-Fi thermostat and UV light to provide air purification throughout the whole home ensuring clean air with energy efficiency all year long. A 10 year warranty on parts is the icing on the cake. A water softener was added in 2024.The entire house was re-piped in 2021, and that same year, the yard was completely fenced with two access gates.The backyard is a private oasis, featuring artificial turf, a koi pond, rain barrels that hold 220 gallons of water, and peaceful sitting areas—perfect for morning coffee or evening get-togethers.The two sheds in the backyard convey with the home for even more storage space.Other updates:pavered driveway, impact resistant windows, newer interior and garage service doors, and a transferable Massey Sentricon system. And of course, location matters. Spanish Oaks is one of Palm Harbor’s most established and desirable neighborhoods and has a community Winter Festival. This home is zoned for A-rated Palm Harbor University High School—one of the area’s top choices for families. From the curb appeal to the smart upgrades and tranquil outdoor living spaces, this home is truly move-in ready and full of warmth and personality. It’s the kind of home where every update has been thoughtfully made, so all you have to do is move in and start enjoying.Nestled along Florida’s beautiful Gulf Coast, Palm Harbor is a highly desirable community known for its small-town charm, top-rated schools, and unbeatable location.Just minutes (approximately 5 miles) from the white-sand beaches of Honeymoon Island, Dunedin Causeway, and Caladesi State Park, this is a relaxed coastal lifestyle with easy access to Tampa, Clearwater, 15 miles to Clearwater Beach, and St. Petersburg.The area features picturesque neighborhoods, scenic parks, and a lively downtown filled with local shops, cafés, and numerous community events.Outdoor enthusiasts love the nearby Pinellas Trail and countless recreation options.
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.
