400 SUNBURST CT, Clearwater, FL 33755
Back on the Market! Personal buyer issues caused lending issues at the last minute. House is solid! Clear 4-point. Solid appraisal! Not in a Flood Zone - No Flood Insurance Required! Watch beautiful sunsets and enjoy intercostal views from the front deck of this 3/3 pool home (in-ground fiberglass pool refinished 2021) located in the historic Old Clearwater Bay community. Every street in the neighborhood dead-ends at the water so residents have waterfront access at the end of every street. This home’s location is not in a flood zone, and is just minutes from downtown Dunedin and downtown Clearwater, Clearwater Beach, the Pinellas Trail, Coachman Park, and the Clearwater Marina. For boaters, the Seminole Boat Ramp is also just a few minutes away. Over 2000 sq ft living space. The front double french doors open to a large game room that is light and bright with windows and skylights and a beautiful stone/slate floor. The living room boasts a stone fireplace with TV mount (extra stone is available if wanting to remove the mount) and an extra large modern ceiling fan. The low profile ceilings along with double pane windows helps to keep the house cool in the summer and warm in the winter. The kitchen was remodeled with shaker cabinets, subway tile, granite counters and stainless steel appliances - french doors fridge, dishwasher, smooth top stove with exhaust fan; laundry closet also in the kitchen. The ROOF and SKYLIGHTS (2021). OUTSIDE SEWER LINES REPLACED WITH PVC in 2021 in the front and the east side of the home. HVAC (2018) It’s a split floor plan; the master bedroom has a walk-in closet and spacious bathroom, shower with a deep soaking tub. The second bedroom also has its own full bathroom with a walk-in shower. The hall bathroom is just off the third bedroom and has a shower with tub. The large back yard is fully fenced with a recently resurfaced fiberglass pool, fire pit, sitting area, and a very large patio for a big outside table that's just off the kitchen. It's great for entertaining the whole family! This is a lovely neighborhood with older quaint homes, new homes and multi-million dollar homes.
You may be able to put down less than the total down payment amount of $239,071 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: #u8240456
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.