550 George St S, Tarpon Springs, FL 34688
2 beds · 2 baths · 1,011 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Relax after a long day and enjoy the panoramic views of amber and tequila sunsets across Lake Tarpon from your spacious Florida Room or sipping a drink next to your backyard firepit. The functional and appealing kitchen is a chef’s dream with a Granite Island and Breakfast Bar, CUSTOM PREP COUNTER WITH PAROTA WOOD imported from Costa Rica, NEW STAINLESS STEEL REFRIGERATOR, NEW SINK, FRESH PAINT, NEW TONGUE AND GROOVE REAL WOOD PINE FLOOR in both the Kitchen and Living Rooms. The Family Room has New Vinyl Plank Flooring. The Guest Bathroom has been remodeled with a Contemporary Countertop and Vanity, New Fixtures, New Faucets and a Beautiful Mirror surrounded by custom Wood Accent Wall Molding. Both the Master Bedroom and Living Room have full views of Lake Tarpon. A LARGE ATTIC STORAGE AREA is available above the Family Room with plywood in place and is large enough to stand up. Easily drop your boat in the water using the private boat ramp at the end of the street and enjoy a day of boating and fishing. Drive your boat across the lake to the Tarpon Turtle Restaurant for lunch or to Anderson Park and hike the nature trails or enjoy a relaxing picnic. Don’t have a boat, no problem. Join the Boat Club and rent a boat and enjoy dinner in their restaurant after a day on the water. THE LAKE TARPON WATER LEVEL IS MANAGED BY THE ARMY CORP OF ENGINEERS BY CONTROLLED WATER RELEASE TO REDUCE FLOOD RISK- NO FLOODING IN 2024 HURRICANES. Numerous amenities including the famous Tarpon Springs Sponge Docks, restaurants, local shop sand shopping. Close to beautiful Florida Beaches including Howard Park Beach, Sunset Beach and Clearwater beach. If you enjoy hiking you are just over a mile from the Pinellas trail. This is a truly unique opportunity. No HOA, no CDDs. LENDER INCENTIVE/CONCESSION AVAILABLE FOR BUYERS. Call for details. VISIT OUR 3D TOUR.
Source: STELLAR #TB8387633
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: STELLAR #TB8387633
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 and Equal Opportunity Act.