1007 Normandy Rd, Clearwater, FL 33764
3 beds · 2 baths · 1,600 sqft
Under contract-accepting backup offers. REDUCED! Presenting a beautifully remodeled, open-concept 3-bedroom, 2-bath, 2-car garage pool home that seamlessly combines modern design with comfortable living. This spacious property boasts fully up-to-date bathrooms, featuring contemporary fixtures and all new plumbing. The heart of the home is an entirely new kitchen, complete with stylish-cabinets, sleek countertops, a tea and coffee center, and state-of-the-art appliances The kitchen also includes a large island, creating extra counter space and a breakfast area for both everyday convenience and entertaining guests. The home also features a durable metal roof installed in 2008 and a 2024 brand-new air conditioning system for energy-efficient comfort. The garage comes equipped with ample cabinet storage, which is perfect for organization. The property is situated in a no-flood zone, offering peace of mind along with a fully fenced yard for privacy and outdoor enjoyment. Just minutes from the stunning Clearwater beaches, this residence is ideal for beach lovers. Every detail had been thoughtfully crafted, creating a warm, inviting space that is ready for new memories. This a more than a home. It's an elevated living experience.
Source: STELLAR #O6258212
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #O6258212
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.