1314 5th Ter NW, Largo, FL 33770
2 beds · 1 baths · 1,026 sqft
Impeccably maintained & wonderfully appointed home in Distinctive Latricia Gardens subdivision of Largo. Highly Desirable Cul-de-sac location with access to the Pinellas Trail at the end of the street. Rock solid 2 bedroom, 1 bath, 1 CG Block home in one of Largo's finest areas and located on a private treed cul-de-sac just blocks from vibrant downtown Largo. This move-in ready 1026 square-foot Block home with a huge pool-sized fenced yard is perfect for dogs & will be your little oasis in the city. Zoned for one of Pinellas County's best High Schools - Largo High (IB program is highly touted), this residence is perfect for the starter home, second home or investment property. If first impressions are important then no second look will be needed. Upon entering you will see from front to back this perfectly designed wide open floor plan home with laminate wood & tile floors is just waiting for you. The inviting curb appeal of this beautiful home with is only heightened by the well-laid-out interior of the home - enjoy the versatile floor plan with a living/dining room combo joined by an efficient kitchen with plenty of cabinet & counter space and a huge inside utility room with plenty of extra storage space! Off the Dining Room and Kitchen as you enter through the sliding door is a cozy Covered Porch where you can get away without going away and it overlooks the massive treed fenced yard. The Entertainment-sized Living Room features a large window & radiates hospitality and charm. This one-level residence challenges comparison in its price range and is convenient to everything including Shopping, dining, parks, the Trail and even the beach are minutes away. Both bedrooms are generous in size and share a wonderful updated bath. The One-Car Garage is spacious and has additional room for storage.
Source: STELLAR #tb8302164
Source: STELLAR #tb8302164
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #tb8302164
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.