321 3rd Rd, Key Largo, FL 33037
3 beds · 2 baths · sqft
Are you dreaming of your own piece of paradise in Key Largo? Your search ends here! This amazing property is just waiting for you to add your personal tropical touch. It's a fully fenced 3-bedroom, 2-bathroom home with a brand new metal roof installed in 2022, along with impact windows and doors in 2024. Plus, it's in an X Zone, so no flood insurance is needed. Inside, the house is in fantastic condition with a split bedroom floor plan. You'll find the master bedroom and bathroom on one side, and the other two bedrooms and a bathroom on the opposite side. The air conditioning was replaced is 2023, dishwasher, and refrigerator were replaced in 2022. Largo Sound Village boasts one of the best boat ramps in the Upper Keys, offering easy access to both the ocean and the bay via Adams Cut. The community's Homeowners Park even has a tiki hut for private events. And the best part? The boat ramp key is only about $150 per year, with no other HOA fees. You'll love the convenient location near bars and restaurants, and the short distance to John Pennekamp State Park. And that's not all - there's space for your RV with a 50-amp hook-up! Owner occupied with dog on premises, please do not disturb.
Source: FORTMYERS #224078838
Interest rate and monthly payment estimated based on public records.
Source: FORTMYERS #224078838
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: #224078838
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.