438 E Martin Luther King Jr Dr, Tarpon Springs, FL 34689
3 beds · 2 baths · 1,090 sqft
Charming 3-Bedroom, 2-Bathroom Single Family Home with Spacious Backyard in Tarpon Springs Welcome to this beautifully maintained 3-bedroom, 2-bathroom single-family home located in the sought-after community of Tarpon Springs. Boasting an open layout, this charming home is perfect for families and those looking for both comfort and convenience. Upon entering, you’ll be greeted by a bright and inviting living space that flows seamlessly, making it ideal for both everyday living and entertaining. The well-appointed kitchen offers ample cabinetry to meet your specific storage needs. The master suite provides a private retreat with a generous closet and an en-suite bathroom for added privacy and comfort. Two additional bedrooms provide flexibility for family, guests, or a home office. One of the standout features of this home is the expansive backyard, perfect for outdoor activities, gardening, or relaxing under the Florida sun. The space is large enough to accommodate making a true oasis for family fun and entertainment. Situated in a quiet neighborhood, this home is just minutes away from the historic downtown Tarpon Springs, local beaches, parks, and a variety of dining and shopping options. With easy access to major highways, you’ll be able to enjoy the best of both tranquil living and urban convenience. Don't miss the opportunity to make this wonderful home yours!
Source: STELLAR #TB8340330
Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Have questions? Email support@withroam.com
Source: Public records
Source: STELLAR #TB8340330
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.
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 “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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.