65 Inness Dr Tarpon Springs, FL 34689
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About this home
Nestled on nearly half an acre with a double lot, this unique and exceptional William Mellenthin ranch-style home offers 3 bedrooms, 2 bathrooms, and 1,805 sq ft of meticulously maintained living space. Known for their distinctive architectural style, Mellenthin homes are renowned for their charm, and this property is definitely no exception. Inside, you’ll find stunning solid hardwood parquet floors that exude warmth and elegance, complementing the home’s mid-century design. Expansive windows flood the interior with natural light, creating an inviting and airy atmosphere throughout. The thoughtful floor plan seamlessly blends living, dining, and entertaining spaces, making it perfect for both quiet moments and gatherings. The home’s integrity is reflected in its history—free from hurricane and flood damage and no flood insurance required, this residence has stood strong and is ready and waiting for you for years to come. Storage is abundant, with a 2-car carport, an attached storage area, and a unique walkable attic with a window that offering much more additional space. Located just minutes from the vibrant Tarpon Springs Sponge Docks, this home offers both a serene retreat and a prime location to explore local shops, restaurants, and waterfront attractions. If that isn't enough, there are many area beaches very close by. Don’t miss your chance to own this rare gem, where mid-century modern design meets functional elegance. A true piece of history with endless possibilities. To see it in person would define the timeless character of this home, and it is a home to definitely not miss seeing.
Source: STELLAR #TB8347157
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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.
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