15100 AVALON AVE, Clearwater, FL 33760
Welcome to your dream retreat! This charming 2-bedroom, 1-bathroom home offers a perfect blend of comfort and convenience. Both bedrooms are generously sized, one with slider access to the fenced in backyard, and both with ample closet space. The well-appointed bathroom features a sleek step-in shower, combining style with practicality. This home offers an open floor plan, perfect for entertaining with your stainless steel appliances, and the updated living room offers functionality. Step outside to discover your private oasis: an inviting fenced-in yard perfect for outdoor activities, complemented by a sparkling in-ground pool ideal for cooling off on warm days or hosting summer gatherings. For those who love to travel or enjoy coastal escapes, this home is perfectly positioned close to US Highway 19, the St. Pete-Clearwater International Airport and the stunning Clearwater Beach, making both travel and beach days a breeze. With a single-car garage for your vehicle and extra storage space in the shed, this property meets all your needs while offering a serene retreat from the hustle and bustle. Enjoy Solar Panels that will be paid off at closing by the Seller! As if all this wasn't enough, A/C and pool resurfacing all completed in the 2020 timeframe and ROOF in 2022. Don’t miss this opportunity to own a slice of paradise close to everything you love!
You may be able to put down less than the total down payment amount of $178,395 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: #t3549336