1743 Arabian Ln, Palm Harbor, FL 34685
3 beds · 3 baths · 1,870 sqft
Assume this home at 2.75% and save thousands annually! The Boot Ranch-Eagle Reserve community is across from East Lake Woodlands, in Palm harbor Florida, and is surrounded by upscale living, and spacious private homes, in a park-like settings. Just two minutes from the popular John Chestnut Park on Lake Tarpon, with great picnic spots, hiking, and boat launches for water sports. The Popular county wide walk and biking trail. Luxury living in this private, gated, low maintenance community with tennis, pickle-ball courts and swimming pool. Low monthly fees average $321 include grounds maintenance, irrigation, trash, gate, street lights, rec area, other. Over 1.7m in HOA reserves per seller. Quiet streets with sidewalks for strolls enhance the neighborly feel. Extra parking for guests. Deep two car garage with extra storage, and double wide driveway. Ninety five square foot finished storage closet space over the Primary Walk In Closet. New water heater this year, new HVAC in 2020 16 SEER, updated and expanded kitchen and baths. Newer flooring. Enjoy the cozy wood burning fireplace with attractive tile surround, hearth and mantle. Pre-wired for wall mounted TV. Entertain on your large tiled, screened patio, with tiki style dry bar, and private, shaded, fenced and garden backyard. Welcome your guests to this Villa with with your side front door, into the great room with expansive seating, eight foot sliding glass doors, fireplace, dining, wall space for your entertainment center, open to the expanded chef’s kitchen with pass thru, island, built in desk, many tall cabinets, wide stone countertops, and updated stainless steel appliances and another eight foot sliding glass doors to the private patio. The numerous glass doors, windows, and skylights add natural light to this home with high voluminous ceilings, and built in hobby shelves. Ceiling fans and light dimmers throughout. This home has all the planning you could wish for. The third bedroom with double doors can be set up for your office. Hidden safes. Guest ensuite bedroom and bathroom. Oversize Primary bedroom with sitting area, skylight, ensuite bathroom, double sinks, walk-in shower, and walk-in closet with organizer system. Extra walk-in storage 10 x 10 closet accessible from pull down stair in Primary Bedroom Walk-In Closet. Ample Interior Laundry Room with side by side washer and dryer and laundry tub with wall to wall cabinets. The deep two car garage with opener windows and side door, has extra storage shelves above. Boot Ranch-Eagle Watch is convenient to the County Preserve Parks in Keystone, seven golf courses, and is a short drive to new Trinity shopping, minutes from the Coast and World Class Beaches, near Tampa Road and convenient drive to the restaurants, shopping, pro sports, and theatres. Or head to St. Petersburg for all their amenities. Various local main street festivals, boast music, crafts, and farmers markets. Only a block from your local stores and grocery. World class Medical Care is minutes away. Enjoy and live your active Florida lifestyle here. Desirable schools are East Lake High, Carwise Middle, and Forest Lakes Elementary. Buyer should verify anything important to buyer.
Source: STELLAR #TB8336705
Financials
Source: STELLAR #TB8336705
Source: Public records
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%. 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.
Other resourcesWhat 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.
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