507 7th Ave NE, Largo, FL 33770
3 beds · 2 baths · 1,121 sqft
Under contract-accepting backup offers. HIGH & DRY! Non-flood and non-evacuation zone with no HOA fees! Centrally located near up and coming downtown district, this charming cottage home is a true find! Just 10 minutes from the beach, it offers the perfect combination of affordability and charm. Welcome to Roosevelt Groves, a peaceful, tucked-away neighborhood in the heart of Largo and Pinellas County. From the curb appeal to the tranquil backyard oasis, this 3-bedroom, 2-bathroom home is sure to captivate you. Inside, pride of ownership shines with features like ceramic tile flooring, remodeled bathrooms, crown molding, and more. The spacious primary bedroom includes a walk-in closet, en-suite bathroom, and double French doors that lead to your private, screened-in porch overlooking the backyard. The fenced-in backyard is a standout feature, offering ample space for a lush garden or peaceful retreat. The long driveway provides double parking spaces, and the attached garage has gates that open to accommodate your boat or RV. Additional upgrades include hurricane shutters, a hurricane-rated front door and garage door, along with an HVAC system (2016), roof (2013), and a newer water heater. Whether you’re a first-time homebuyer, downsizing, or just looking for a centrally located gem, this home offers incredible value. You’ll be within walking distance of the Largo Public Library, Largo Central Park, Highland Recreation Center, Largo Middle & High Schools, downtown Largo, and Largo City Hall. Centrally located within Pinellas County, you’ll have easy access to Tampa and the world-renowned Gulf beaches. Don’t miss out on this amazing opportunity to own a home in such a highly desirable area!
Source: STELLAR #TB8359994
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #TB8359994
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.
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 of Equal Opportunity Act.