15100 Avalon Ave, Clearwater, FL 33760
2 beds · 1 baths · 1,057 sqft
Under contract-accepting backup offers. This is a rare opportunity to purchase a home with a 2.875% interest rate. Contact agent for details on possible loan assumption. 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!
Source: STELLAR #t3549336
Source: STELLAR #t3549336
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 45-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: #t3549336
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.