876 Callista Cay Loop Tarpon Springs, FL 34689
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About this home
This home has $294,000 ASSUMABLE Mortgage at an AMAZING LOW INTEREST RATE-2.375! Welcome to Tarpon Springs’ premiere gated community of Callista Cay! END UNIT townhome with PRIVATE ELEVATOR in Flood Zone X. This home does NOT require flood insurance & No flood damage incurred during any storms! Featuring a Private Elevator to every floor in your home! Includes 3 bedrooms, 2 ½ bathrooms, 2+ car tandem garage with room for 2 cars, plus a Golf Cart and all your toys! Fall in love with the gourmet Chef’s kitchen with 42in Soft close cabinets, Pantry closet, 5in Baseboards, Oversized Island with luxurious Quartz countertops, Range hood, Upgraded pull-out Kitchen drawers for ample storage and Beverage refrigerator! The open living space offers 10 foot ceilings, Luxury Vinyl flooring throughout and overlooks your large outdoor covered balcony perfect for entertaining or relaxing. Built in 2021 with Concrete block construction on all three floors and Hurricane-rated Sliding Doors and Windows! Upstairs offers two spacious bedrooms, perfect for home office or guest room and a lush Primary suite. The primary includes a Walk-in closet with custom shelving, Built-in Dresser drawer system, an En suite Bathroom with Dual vanities, custom tiled shower, and a beautiful Barn door. The HOA is only $380 / month and includes 150+ cable channels, high-speed internet, water, sewer, trash, recycles, community gate, exterior maintenance, professional landscaping, community pool and hot tub!! Nestled just minutes to downtown Tarpon Springs restaurants, festivals and shopping, as well as waterfront parks, beaches, golf courses, the Pinellas trail and the world famous Sponge Docks. Want to bring your boat? There is the potential to rent a boat slip from a current owner and access the blue waters of the Gulf in minutes! Inquire with listing agent! Ask the listing agent about the ASSUMABLE FHA LOW INTEREST RATE MORTGAGE! Equal Opportunity Housing.
Source: STELLAR #TB8350144
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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.