3029 JACOB CROSSING LN, Holiday, FL 34691
Own a luxury townhome at the Preserve at Gulf Trace and live the Florida lifestyle! Affordable and maintenance-free all in a quiet coastal town. With No CDD, this smaller community offers private backyards and a low HOA that includes cable tv, high speed internet, dog park, playground and lawn maintenance. Located near the coastline just minutes from the Gulf and a short commute to Tampa this incredible secluded setting abounds with ponds and common spaces. Stay close to home and enjoy everything Holiday has to offer! Situated close to US 19 and HWY 54, Gulf Trace is located near the area’s major highways. This community will provide you with conveniences as well as easy access to the best of Tampa Bay. Love the outdoors? Check out the nearby recreational center with sports fields, playgrounds and open green space for picnics. This coastal town also puts you only minutes from the beach and all the water sports you can fit into the day! Welcome home! The Pelican townhome is a true townhome experience with elegant layout and features to make you feel right at home. This home features 3 bedrooms, 2 1/2 bathrooms, 1 1/2 car garage and covered custom lanai added by the owner. It is the ONLY lanai in the development of its kind. The cathedral ceilings provide an open feel. The spacious Kitchen has a breakfast bar and room for a bistro set so you can eat right in the kitchen, the great room is large with enough room for a dining set as well. Upstairs is a large loft at the top of the stairs providing you with an upstairs oasis to relax and includes two more bedroom and a separate area for an office, library, or tv room.. The large Owner’s Suite features a walk-in closet, dual sinks in owners bath, and shower. There is an additional powder room downstairs for you and your guests convenience. This property is perfect for a primary residence or a winter escape. There’s storage under the stairs. 3M shatter proof film on all glass, a security system, and solar with battery back up. The electric bill is between $50 and $100. The solar lease is only $110 mo. Average elect is $150 month. The entire house has a water filter and water softener. It comes with a nest thermostat. Furniture, shelving, etc. is all for sale or negotiable. Ample storage, plus more! Don’t miss out on this one of a kind unit! Make this home yours today!
You may be able to put down less than the total down payment amount of $64,631 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: #t3530310
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.