1601 14th St W, Palmetto, FL 34221
3 beds · 2 baths · 1,186 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to 1601 14th St West, a truly RARE FIND in today’s market. This exceptional 3 BED, 2 BATH home is designed for both comfort and efficiency, featuring PAID-OFF SOLAR (2018) for minimal electric bills and HURRICANE IMPACT WINDOWS (2018) throughout, offering peace of mind and energy savings. Inside, VAULTED CEILINGS and a SPLIT FLOOR-PLAN enhance the open and airy feel of the home. Additional upgrades include A BRAND-NEW AC (2024) which comes with a 10-YEAR PARTS AND LABOR WARRANTY, ensuring long-term reliability & NEW INSULATION (2023) which enhances energy efficiency. The KITCHEN is equipped with GRANITE COUNTERTOPS, STAINLESS STEEL APPLIANCES, a GAS STOVE & BREAKFAST NOOK. Both BATHROOMS have been updated (2023) and LUXURY VINYL PLANK FLOORING (2023) was installed throughout. Outside WHOLE-HOME GUTTERS have been installed, with a buried gutter system in the backyard extending to the property line for superior drainage. The outdoor area is an entertainer’s dream, featuring a stunning POOL with a NEW POOL PUMP (2023) and a SERENE POOL DECK with a COVERED AREA, making it perfect for indoor-outdoor living. Whether hosting guests or enjoying a quiet evening grilling out, this space is designed for relaxation. With NO HOA and NOT IN A FLOOD ZONE, this home offers both flexibility and security. The DOUBLE-WIDE GATE and EXPANSIVE SIDE YARD provide the ideal space for BOAT or RV storage. The LOT SIZE is just under a QUARTER ACRE, beautifully landscaped with TROPICAL FOLIAGE, creating a private retreat. A BONUS SHED with an AC unit offers the perfect space for a WORKSHOP or CRAFT ROOM. This property can be SOLD FURNISHED, with some exclusions, making it an excellent choice for a primary residence, WINTER RETREAT, or AIRBNB/VRBO. A short drive brings you to WATER ACCESS and the GULF BEACHES, completing this home’s perfect location. Don't hesitate, call to schedule a tour today!
Source: STELLAR #TB8369038
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #TB8369038
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 of Equal Opportunity Act.