136 N VERONA AVE APT 103 # 103, Avon Park, FL 33825
Don't miss this opportunity to experience lakeside living at it's best! This beautiful, spacious 2 bedroom, 1 bathroom condo is located on the beautiful Lake Verona. Located in the heart of Central Florida, this residence is walking distance to Main Street Avon Park and the vibrant Donaldson Park which hosts the Annual Blueberry Festival. This Lakeside retreat offers easy access to sandy beach, public boat ramp, pavilions, playground, and tennis courts. Avon Park is often referred to as the City of Charm and is situated in Highlands County. This location provides easy access to South Florida State College, a variety of restaurants, shopping and recreational activities and is only 30 minutes away from Bok Tower Garden and and if you love bass fishing it's an hour away from Lake Okeechobee. Inside the home you will discover freshly painted walls with an open floor plan. This condo offers more space than most units, with the addition of new windows throughout the Florida Room adding an extra 16' x 8' of living space. This condo is Turnkey ready for you to move right in, or if you prefer to make it a rental. The choice is yours. Both the living room and dinning room have been updated with laminate flooring. The kitchen and bathroom have tile flooring throughout. The master bedroom features a walk-in closet, providing plenty of space for your shoes and clothes. There is a laundry room outside next door to the unit, that provides extra storage for your needs. The low $195/ monthly condo association fee covers water, roof, building upkeep, and lawn service. This condo isn't going to last- schedule your showing before it's gone.
You may be able to put down less than the total down payment amount of $45,961 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #tb8300315
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.