306 Barclay Ave, Altamonte Springs, FL 32701
3 beds · 2 baths · 1,802 sqft
Prime location meets a turn-key home, welcome to 306 Barclay Avenue in beautiful Altamonte Springs! This charming 3-bedroom, 2-bathroom home offers 1,802 square feet of comfortable living space on a generous 13,078-sq ft lot. With its great curb appeal, this home invites you in with a large open floor plan that seamlessly blends the main living area, kitchen and dining room. Step inside to find a spacious living area featuring laminate flooring throughout, setting a warm and inviting tone. The kitchen features stainless steel appliances, granite countertops, solid maple wood cabinets, and an eat-in breakfast bar. The spacious primary bedroom is a true retreat, boasting an ensuite bath with double vessel bowl sinks, travertine shower, and a walk-in closet. The two additional bedrooms share a convenient bathroom, perfect for family or guests. Enjoy the Florida lifestyle with a private outdoor space that includes a large screened-in patio—ideal for adding a barbecue or simply unwinding after a long day. Backyard is fenced in, and avocado, loquat, peach and blackberry trees as an added surprise. Live worry free, as this home features updated plumbing, electrical rewire, newer landscaping (2022), newer gutters (2023), irrigation system (2021), newer carpet in secondary bedrooms (2022), newer windows in secondary bedrooms (2023). Roof and HVAC system are both from 2015. Laundry room is incredibly spacious, and offers plenty of space for all your creativity! The 2-car garage will add practicality to your daily routine. Located just minutes from Altamonte Mall, Cranes Roost, and local shopping and dining, this home offers easy commuter access with nearby I-4 and 434. Make this your new haven today!
Source: STELLAR #o6253573
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6253573
Source: Public records
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: #o6253573
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.