8966 60TH WAY N, Pinellas Park, FL 33782
SELLER MOTIVATED! Welcome to your meticulously maintained home, nestled in the equestrian area of Pinellas Park were you'll be embraced by lush vegetation and the tranquility of nature. Designed with a charming barn aesthetic that exudes rustic farmhouse appeal from the covered front porch that stretches the width of the house throughout the inside. The fantastic layout features 4 bedrooms and 2 full baths spread across both floors maximizing privacy. The living room boasts soaring two-story barn ceilings with exposed wooden beams, and a recently updated floor-to-ceiling stone fireplace. The updated kitchen features custom matte finish granite countertops with a tile backsplash, electric appliances, and farmhouse sink. The owners style suite is distinguished by dual sliding barn doors that open to a spacious walk-in closet, which can be transformed into a nursery, office, or bonus room. One bedroom currently serves as a den with convenient access to the pool area. The centerpiece of this property is the expansive outdoor living space featuring a screened in pool, fire pit, vibrant landscaping, and a covered area perfect for relaxing, watching TV, or entertaining. The spacious yard has an irrigation system utilizing reclaimed water. This extraordinary property showcases impeccable maintenance and attention to detail, from top to bottom. It is truly a must-see.
You may be able to put down less than the total down payment amount of $205,669 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #t3536882