3126 58th Way E, Palmetto, FL 34221
4 beds · 2 baths · 1,825 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Under contract-accepting backup offers. Discover a move-in-ready, 3-year-old gem with breathtaking lake and preserve views on a spacious 70ft lot. The seller has elevated this 4-bedroom, 1825 sq ft home with premium upgrades: luxurious vinyl flooring throughout the open floorplan, energy-efficient DC ceiling fans (70% less electricity) for silent air circulation, a whole-house air purifier with UV bulbs for enhanced air quality, and window blinds in every room. The kitchen dazzles with quartz countertops and a walk-in pantry, while the expansive primary suite features coffered ceilings, a large walk-in closet, and an ensuite bath with an extra linen closet. Additional upgrades include a screened lanai for serene sunset views, an insulated garage with a 6ft Husky workbench, newer washer, dryer, and refrigerator (still under warranty). A large laundry/mud room adds convenience plus home is situated on a high and dry lot, approximately 10 ft. higher elevation than new community homes! Nestled in the nature-inspired Jackson Crossing community, enjoy pickleball, low HOAs, no CDDs, and proximity to Skyway Bridge, Parrish, St. Pete, Tampa, Bradenton, and Lakewood Ranch. Better than new with seller enhancements throughout!
Source: STELLAR #A4644793
Source: STELLAR #A4644793
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.
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.
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.
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.
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 and Equal Opportunity Act.