11431 Baggot Ave, Englewood, FL 34224
2 beds · 2 baths · 996 sqft sqft
**THIS PROPERTY QUALIFIES FOR A 1.5% LENDER INCENTIVE IF USING PREFERRED LENDER. INQUIRE FOR MORE DETAILS.** Discover this bright and inviting 2-bedroom, 2-bathroom home with a Florida room, perfectly situated on a large corner lot. Updates include a new roof installed in 2021 and a new septic tank added in 2018 and a new water heater, ensuring peace of mind for the future. The charming front porch welcomes you inside, where cathedral ceilings enhance the open feel of the living space. The galley-style kitchen leads to a breakfast nook with a bay window, while the adjacent laundry room boasts a wash sink and closet pantry for added convenience. Both bedrooms offer ensuite access, including a Jack-and-Jill style bathroom offering easy access for guests. The versatile Florida room features walls of windows overlooking the backyard and provides a passthrough from the kitchen. Enjoy endless possibilities for outdoor enjoyment in the backyard. With no HOA or deed restrictions, you have the freedom to bring your boat or RV and create your own personal oasis. Englewood is a treasure trove of attractions for outdoor enthusiasts and those seeking relaxation. Just a short drive away, Rotonda West boasts picturesque canals and pristine golf courses, providing the perfect backdrop for a day of fishing or a leisurely round of golf. Meanwhile, Boca Grande invites exploration with its stunning beaches and charming shops, where you can unwind while soaking up the coastal ambiance. Don't miss the weekly Englewood Farmers Market, where the vibrant community spirit comes to life through fresh, locally sourced produce and unique artisan goods. Whether you’re seeking adventure or a peaceful day out, Englewood offers the perfect blend of activities to enrich your lifestyle.
Source: STELLAR #a4626820
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #a4626820
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 30-day close.
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.
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.
MLS ID: #a4626820
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.