2523 CYPRESS BEND DR W, Clearwater, FL 33761
Welcome to your dream home in the desirable Countryside area! Nestled between US19 and McMullen Booth, this home offers exceptional convenience to top-rated schools, a variety of restaurants, shopping, and the scenic Duke Energy/Pinellas Trail. Enjoy easy access to Tampa International Airport, Clearwater Beach, and Honeymoon Island—all just a short drive away. Step inside to discover a stunning Great Room with soaring vaulted ceilings, perfect for accommodating even the largest living room furniture. This space seamlessly flows into the inviting Dining Room, ideal for entertaining family and friends. French doors lead you to a spacious covered deck overlooking the expansive backyard—a perfect spot for outdoor relaxation and gatherings. The home also includes a versatile bonus space that can serve multiple functions, including the potential to expand the kitchen into your culinary dream. The existing kitchen is bright and airy, featuring newer stainless steel appliances, allowing you the flexibility to move right in or update with your own personal style. Luxury vinyl flooring runs throughout much of the home, including all three bedrooms. The Primary Suite is a private retreat with vaulted ceilings, French doors leading to the back deck, and an en suite bathroom that opens to a secluded deck area. Two additional bedrooms and an updated guest bathroom complete the home. The backyard is spacious and offers plenty of room for a pool, providing a blank canvas for your personal touch. Recent updates include a new roof and electrical panel in 2021, with the HVAC system updated in 2009. With no HOA, no deed restrictions, and located in a non-evacuation and Flood Zone X area where lenders do not require flood insurance, this home offers peace of mind and flexibility. Don’t miss the opportunity to make this fantastic home yours!
You may be able to put down less than the total down payment amount of $104,116 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: #tb8301850
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.