2316 Fulton Way, Largo, FL 33774
3 beds · 2 baths · 1,209 sqft sqft
Welcome to this charming 3-bedroom, 2-bathroom home located in the heart of Largo, FL! Featuring hurricane impact-rated windows and solar panels, which will be paid off at closing, this home offers both security and energy efficiency with the 6.460 kW Momentum Solar Panels. Step into the spacious living room with vaulted ceilings, creating an open and airy feel. Situated in an X flood zone, this property remained unaffected by two recent hurricanes. The home also boasts an updated electrical panel and a recently replaced hot water heater for added peace of mind. Plenty of storage in the single car garage with updated hurricane rated garage door. The fenced backyard gives added privacy and a great place for your furry friends to play. With its prime location just minutes from the beach and close to the Largo Recreation Center, this home provides both relaxation and recreation options nearby. The generously sized rooms offer plenty of space to add your own cosmetic touches, making it the perfect canvas for your personal style. Don’t miss out on this exceptional opportunity to own a home with great potential in a sought-after location!
Source: STELLAR #tb8311439
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8311439
Source: Public records
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.
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: #tb8311439