19535 Sunset Strip, Altoona, FL 32702
3 beds · 2 baths · 1,674 sqft
Get a free consultation call with an expert in the mortgage assumption process.
***MOTIVATED SELLER***Charming Country Cottage! This 3 Bedroom 2 Bathroom POOL HOME + Fully Fenced Yard + 0.38 Acres + 1 car garage with 1,650+ square feet of living space. Walking through the front door you are met with high vaulted ceilings that have wood beams and plenty of natural light. The open living room has engineered hardwood and dustless glass sliding doors that frame the view of the backyard and pool. The kitchen has been upgraded with shiplap ceilings, white cabinets, stainless steel fridge, farmhouse sink and wooden plank backsplash. There is a nook area in the kitchen that is currently being used as a home office. The washer and dryer have hookups opposite each other as the laundry area is just off of the kitchen with a pass through door to the primary bathroom. The primary bedroom has a wooden sliding barn door entrance and an exterior door leading to the covered and fully screened in back porch. Walking into the primary bathroom past the his and hers closets, you are met with a complete wood paneled oasis! There is a walk in shower with waterfall shower head, and separate garden tub. This bathroom has ledges, shelving and a linen closet which provide plenty of storage. This home is a true split plan with larger bedrooms. Through another sliding barn door on the opposite side of the home there are the other two bedrooms and bathroom. The bathroom has been updated with a custom vessel sink vanity, and floor to ceiling tiled walk in shower with body sprayer. Off of the kitchen is a door that leads to the breezeway with plenty of additional living space and storage. The breezeway has a separate front entrance and connects through to the covered back porch. The breezeway also has a door leading into the oversized one car garage. Walking through the glass sliders from the living room and down the steps you are led to the swimming pool which is the true highlight of this backyard complete with a diving board! Fully fenced in with plenty of space, this backyard has room for everything you could want. Make an appointment to see this home today!
Source: STELLAR #o6195943
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #o6195943
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.