1315 14TH ST, Palm Harbor, FL 34683
This charming residence, situated next to downtown Palm Harbor, is move-in ready and offers an oversized lot with plenty of potential. Featuring two bedrooms and one bathroom, this home is ideally located just three minutes from water access and within an A-rated school zone. Upon arrival, you'll notice the meticulously landscaped yard and additional parking spaces in the driveway for your boats, golf carts and toys! Inside, the home welcomes you with an open floor plan and a BONUS room that can serve as a third bedroom or extra family space. Conveniently located off the bonus room is the laundry room, ensuring easy access for all your indoor laundry needs. Historic hardwood floors lie beneath the carpet, awaiting restoration to reveal their natural beauty. The kitchen, central to the home, boasts ample storage and a hidden pantry. Outside, the expansive backyard offers plenty of room for adding a pool, expanding the home, or simply enjoying outdoor activities. The possibilities for customization are limitless given the generous space available. This home is a standout choice with no HOA or CDD fees, situated in Flood Zone X for added peace of mind, and offers the flexibility to be rented if desired. The AC is 2016, and Roof is 2013. Don't miss the opportunity to make this versatile and conveniently located Palm Harbor gem your own! Schedule a viewing today and envision the possibilities for yourself.
You may be able to put down less than the total down payment amount of $94,608 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #t3539139