1010 Mainsail Way, Palm Harbor, FL 34685
2 beds · 2 baths · 1,574 sqft
Get a free consultation call with an expert in the mortgage assumption process.
NO FLOOD INSURANCE REQUIRED!!! Welcome to your own personal nature preserve with deer passing through and beautiful tropical vegetation. Meticulously maintained and sparkling clean 2-bedroom, 2 bathrooms with den/office home in a 55+ community ready to move in! Spacious floorplan with extra-large bedrooms and living areas. Located on a large, secluded lot that backs up to Jon Chesnut Sr. Park. HOA fee is ultra-low and yet you have a beautiful clubhouse with pool to enjoy. Buyer must be 55+ and HOA interview is required before closing. Home highlights include: New roof in 2022, HVAC replaced in 2019, argon-filled hurricane impact windows, fully enclosed Florida room, newly renovated kitchen with new countertops and brand new appliances, new laundry room, new aluminum fencing in back yard, 2 car garage with workbench, new water softener and purifier, built in storage cabinets in den/office, freshly painted interior and exterior (trim and doors), low maintenance luxury vinyl. This home is located in the highly sought after East Lake corridor, very close to the YMCA, grocery stores, shopping, bike trails, walking trails, golf courses, dog parks and marina on Lake Tarpon. This home is a MUST SEE!
Source: STELLAR #TB8338976
Source: STELLAR #TB8338976
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.