11146 131st Ave, Largo, FL 33778
4 beds · 2 baths · 2,046 sqft
Under contract-accepting backup offers. Spacious pool home in the Seminole High and Osceola Middle School district! Located in the centrally located Orangewood Estates neighborhood. This home has been meticulously cared for and most of what you want or need. 4 bedrooms split floor plan with 2 full baths, and 2046 sqft of living space. The updated kitchen has granite countertops, wood craft wood cabinets with self-closing drawers, an SS hood over the cooktop, and SS backsplash. There is counter seating on the kitchen island, a place for casual dining, AND a formal dining area. If you need work-from-home space, it's here. Most living areas have Brazilian Acacia wood flooring with tile in the wet areas and family room. 4" crown molding and baseboards in every room. The master bedroom has a walk-in closet, private bath, and tile walk-in shower. The guest bedroom has Pella sliders and the Master bedroom has a door to access the pool. This home has everything, long life tile roof, thermal pane windows & sliders, updated electric, PVC plumbing, water heater, water softener, Reverse Osmosis water system, garage door and motor, Trane A/C 2024, saline swimming pool recently updated with new tile and stone scape in 2018. Step outside, a tropical paradise awaits. Take a refreshing dip or soak in the pool, this outdoor space is designed for relaxation and entertainment. Beautiful newer PVC vinyl fenced back yard with a well sprinkler system. Great curb appeal! No flood zone. Easy access to the beaches, shopping, and restaurants. A mere 10-minute drive from the pristine beaches lining the Gulf of Mexico. Close proximity to the new Seminole City Center, St. Pete College, esteemed schools, shopping havens, delectable dining options, vibrant entertainment spots, and the renowned Pinellas Trail. Don't miss out on the opportunity to own this exceptional property in a highly sought-after location.
Source: STELLAR #TB8343966
Source: STELLAR #TB8343966
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.
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.