641 Whispering Lakes Blvd, Tarpon Springs, FL 34688
5 beds · 4 baths · 2,759 sqft
Under contract-accepting backup offers. THIS HOME HAD NO STORM DAMAGE FROM ANY OF THE STORMS: IT CAN BE PURCHASED FOR 100 PERCENT FINANCING: PRICE ADJUSTMENT: Tranquility & Location, Whispering Lakes Subdivision, in Tarpon Springs, has a beautiful, 2 story home looking for a new owner, to make it their own special space Located at the end of the boulevard, sitting on a cul-de-sac, this home, built in 1996, offers a new roof 2020, 5 bedrooms, 3 full baths, 3855 total sq ft under roof, & way too many features to share in this small space. It is a pool home with huge patio and outdoor space, built on 1.85 acres, plus backs up to the conservation area of the Brooker Preserve. The preserve is 1000 ft from the entrance to the subdivision. What a special area to be with everything you could want or need close by. From the moment you drive down the road, you pull up & you enter the home you can feel the peaceful feeling from the large formal living & dining areas to the enormous kitchen / family room combo space. Entertainment will be so easy with all you will have to enjoy It features 2 bedrooms on the 1st floor. When you head upstairs, you have a loft and 3 bedrooms for privacy or quiet time Seller has priced this home to sell quickly. It is a must see & definitely and must have home. Do not wait to schedule an appointment to view
Source: STELLAR #t3541101
Source: STELLAR #t3541101
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: #t3541101
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.