246 Old Oak Cir, Palm Harbor, FL 34683
4 beds · 3 baths · 3,126 sqft sqft
Bright & Spacious Ranch Home in Oak Trail – 4 Bedrooms, Pool, and Office Space! Step into this sun-filled ranch home in the desirable Oak Trail neighborhood, where comfort meets modern convenience! Featuring 4 spacious bedrooms, 3 bathrooms, plus an office that could be converted into a 5th bedroom, this home is perfect for families or anyone needing extra space for work and relaxation. The open floor plan allows for easy flow between living spaces, with plenty of natural light throughout. At 3,126 square feet, this home offers ample room for everyone. The heart of the home is the kitchen, with its sleek tile flooring, modern appliances, and plenty of counter space for meal prep and entertaining. The cozy fireplace in the living room creates a welcoming ambiance, while the screened-in lanai with a pool and spa invites you to unwind and enjoy the Florida lifestyle year-round. The home is also equipped with all the features you’ll need for comfort and convenience: central heating and cooling, a 2-car garage, and a newer roof (2018). With the 2022 air conditioning system, you’ll stay cool no matter the season. The security-conscious will appreciate the Vivint security system and cameras, providing peace of mind. Located in the renowned Palm Harbor school district, this home offers proximity to local shopping, the Palm Harbor Library, YMCA, and the vibrant downtown area. Make your dream home a reality! Call today to arrange your showing and explore all this property has to offer.
Source: STELLAR #tb8315684
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8315684
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.
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: #tb8315684
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.