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.
Back on the market , no fault of the sellers! Welcome to your lakeside escape in the heart of Tarpon Springs! This beautifully maintained 2-bedroom, 2-bathroom home is the perfect blend of cozy charm and practical comfort. Step inside and enjoy a spacious open layout that invites natural light and gorgeous views of the lake right from your living room. The warm and inviting fireplace sets the tone for relaxing evenings at home, while the enclosed back porch is ideal for sipping your morning coffee or unwinding at the end of the day with breathtaking sunsets over the water. Situated on a controlled lake, this property offers serene water views with a peace of mind. The home experienced no flooding with the 2024 major hurricanes. One of the standout features of this property is the converted garage—now affectionately called the “bunk house.” This versatile space is loaded with potential and would make a killer game room, hobby area, guest retreat, or even a home office. Whatever your lifestyle needs, this flexible bonus space has you covered. Outside, the backyard is perfect for entertaining or enjoying quiet evenings by the fire pit. Whether you’re looking to fish, boat, or just enjoy the calming views of the water, this home offers the peaceful waterfront vibe you’ve been dreaming of. Located just minutes from Tarpon Springs’ famous sponge docks, stunning Gulf beaches, and an array of charming local shops and delicious restaurants, you’ll love being in the heart of one of Florida’s most beloved coastal communities. Whether you’re looking for a full-time home or a weekend getaway, this property has it all. Don’t miss your chance to own a piece of paradise!
Source: STELLAR #W7873973
Source: STELLAR #W7873973
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.