2985 JACOB CROSSING LN, Holiday, FL 34691
WOW!!! ASSUMABLE FHA RATE OF 2.87% for a portion of the list price. Welcome to this stunning townhome, built just three years ago and designed for comfort and style. With its charming Craftsman-style details, like the doors and trim, this home offers a cozy yet amazing vibe. According to FEMA this is not a flood zone. No CDD. Low HOA. HOA covers pressure wash once a year, pest, irrigation, lawn, fresh exterior paint once every 7 years. Reserve funds for roof and roof replacement. Inside, the kitchen is great for entertaining with its granite countertops and a dining area perfect for casual meals. The living area flows seamlessly onto the lanai, creating a lovely space for relaxation and entertaining. Screened in lanai. Built in 2020. Convenience is key with a half bath downstairs and a layout that gives the owner's suite privacy upstairs. Enjoy the spaciousness of the suite, complete with its own bathroom and walk-in closet. This community has no extra fees and offers amenities like cable, internet, and maintenance services. Plus, it's close to nature preserves and the Gulf of Mexico for outdoor fun. Tarpon Springs Sponge Docks and Anclote Keys' nearby boat marinas are within 10 minutes, 3 minute drive to the beach, offering easy access to boating adventures. You'll also find the Pinellas Trail nearby for outdoor recreation. Located near schools, shops, and beaches, this townhome offers the best of both worlds—luxury living in a convenient location. Don't miss out on making it your own!
You may be able to put down less than the total down payment amount of $101,131 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: #u8245228
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.