2993 Shannon Cir, Palm Harbor, FL 34684
3 beds · 3 baths · 1,718 sqft
Under contract-accepting backup offers. Third times a charm! Clean inspections and a buyer with cold feet, means you get your chance! This beautifully updated home on a spacious corner lot offers the perfect blend of modern style and comfortable living. Fresh exterior paint and professional landscaping give Key West vibes curb appeal, while the extra-large 2-car garage provides ample parking and storage for all your gear. Step inside to a bright and welcoming interior, featuring fresh paint, abundant natural light, cathedral ceilings and a cozy fireplace for relaxing evenings. The open layout is ideal for entertaining, your friends and family will love to spend time with you here. The updated kitchen with stainless steel appliances and hard wood cabinetry with thoughtful pull out shelving will delight any home chef. There is plenty of storage for all your culinary supplies and ingredients. Additionally, your primary suite is on the first level. This expansive retreat includes a large walk-in closet and spacious bathroom with walk-in shower with a bench. Upstairs, you'll find the versatile loft space that is easily set to suit your needs – create a home office, play area, or anything you desire. The two spacious guest bedrooms are here as well. Plus, you have brand-new LVP flooring throughout the second floor and the staircase. Who doesn't love easy to clean flooring? The outdoor space is equally impressive. Enjoy the gorgeous Florida weather lounging in the shade on your covered back patio. The large fully fenced backyard offers endless possibilities for outdoor entertaining, gardening, or simply enjoying the fresh air. And the location? Unbeatable. Easy access to all the essentials, check. Zoned for top-rated schools - Palm Harbor University, Carwise Middle school, and Highland Lakes Elementary, check check. Plus proximity to Innisbrook Golf Courses and lakefront Tarpon Lake parks make outdoor adventures a breeze! And you're a only short drive to award winning Honeymoon Island for sunny days on the beach. Exciting updates to the property include: New roof with transferable 25-year workmanship warranty (December 2024), Hurricane rated windows, UV light in HVAC system for clean air, 2022 RHEEM Hybrid Water Heater (ENERGY STAR certified) offering energy efficiency and sustainability, Smart lights and exterior cameras, bringing security and convenience, 2021 Samsung washer and dryer, ensuring reliable performance. Another bonus, there's no flood insurance required and it was high and dry through every hurricane season. This home is truly a rare find. Schedule a showing today and experience the lifestyle you've been dreaming of!
Source: STELLAR #TB8342293
Source: STELLAR #TB8342293
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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.
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 “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.
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 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.