3336 20th Ave SW Largo, FL 33774
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About this home
This home has a 4.25% FHA assumable mortgage rate! Discover a comfortable and inviting lifestyle in this charming Largo home! This well-maintained 3-bedroom, 2-bathroom residence offers 1,406 sq ft of living space in a desirable Largo neighborhood. Inside, attractive flooring flows throughout, complementing a well-appointed kitchen with rich cabinetry and ample counter space, and thoughtfully designed bathrooms with modern fixtures and finishes. Practicality meets comfort with a generous space just outside the main bedroom, perfect for a dedicated home office or flexible use area, plus a separate, dedicated laundry room. Peace of mind comes with a new roof installed in 2022. Enjoy the Florida sunshine from your private, screened-in patio and a fenced backyard, offering a secure and spacious area for outdoor activities, gardening, or simply enjoying the beautiful weather. The backyard also features a handy shed for extra storage. Ideally situated, this property offers convenient access to Largo's diverse array of amenities and attractions, including the Florida Botanical Gardens, Largo Central Park, Heritage Village, public transportation, and a quick commute to the stunning Gulf Coast beaches (less than 10 minutes to Indian Rocks Beach!), thereby combining suburban tranquility with coastal convenience. This property would be great as a primary residence in the highly rated Anona Elementary District or as a fabulous vacation property to enjoy when you're here and rent out when you're not. Prospective buyers should always verify school zoning and rental regulations to ensure they meet their specific needs.
Source: STELLAR #TB8408310
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.