562 Rivercrest Ln, Tarpon Springs, FL 34689
3 beds · 4 baths · 2,225 sqft
Enjoy all that Tarpon Springs has to offer within a mile of your home. Nestled in a quaint nine-resident gated community, this rare townhome is a few blocks from the historical sponge docks, the Anclote River, Tarpon Bayou and plethora of restaurants and shops! Sitting high and dry outside of surrounding flood zones, this home experienced no water from recent storms. It offers the benefit of water proximity with the security of higher elevation. In addition, Tarpon Ave is less than a mile from this home which offers popular restaurants, cafes, shops and the Pinellas bike trail. This spacious townhome offers 3 bedrooms and 3.5 bathrooms with high ceilings and split-level AC for unique temperature control per floor. An elevator makes it easy to travel between the three floors in addition to the stairs. The primary suite, laundry room, second guest bedroom and full bath are on the second floor. The open kitchen, dining room, living room, water-view balcony and half bath are all located on the third floor to maximize privacy and views. Experience the convenience of a large two-car garage, foyer, third bedroom and full bathroom on the first floor. This home has a brand-new roof and HVAC, tankless water heater, gas fireplace and more. The HOA includes internet, water, sewer, trash, exterior and grounds maintenance. Enjoy your ideal lifestyle with the character of Tarpon Springs balanced with the seclusion of your own gated community.
Source: STELLAR #tb8321768
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8321768
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: #tb8321768
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.