3226 Coldwell Dr, Holiday, FL 34691
3 beds · 2 baths · 1,144 sqft
Just updated our OFFER PRICE and this home had zero flood damage. Your new lifestyle is waiting for you! This three-bedroom, two-bath, one-car garage home in the heart of Holiday Lake Estates, is quite fetching in many ways. Just minutes from the historically enchanting downtown of Tarpon Springs. This area provides a host of beaches, restaurants, entertainment, shopping and more. Great opportunity for first-time home buyer, transplants, snowbirds, downsizers, investors, you name it! Along with a great location, this home community offers great schools, parks and neighborhood living. Two years ago, this home underwent remarkable renovation with new roof, HVAC, paint, floors, with many other upgrades and is ready for its new occupier. Approaching the home, you will notice a newly paved road and sidewalks. Upon arriving, you're greeted by a welcoming fresh look outside, including an upgraded porch ceiling. As you stroll through the layout, you will feel how spacious and inviting is the home. Entering one of the three bedrooms it has to offer, you imagine the possibilities you'll have with the space this home provides. When you enter the beautiful baths, you can't help but picture yourself starting your day or decompressing from a long one. The home is equipped with a water softener and the kitchen has an under-sink reverse osmosis system. You won't want to miss out on this opportunity so book your showing now! Curtains in child’s bedroom in back of the house do not convey.
Source: STELLAR #TB8323763
Financials
Source: Public records
Source: STELLAR #TB8323763
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.