4465 Ontario Ln, Clearwater, FL 33762
2 beds · 2 baths · 1,121 sqft
This adorable 2 bedroom, 2 bathroom home nestled in a quiet 55 plus community is ready for its next homeowner! The living room / dining room combination is light and airy and leads to the very large screened in lanai that overlooks the tranquil shared green space behind the home. The oversized primary bedroom has its own entrance to the lanai, two separate closets, and an updated ensuite bathroom. The second bedroom has beautiful built-in bookshelves and is set up perfectly for an office, but also includes a built-in Murphy bed to quickly transform the space into a guest bedroom. Brand new roof in September of 2024. The entire interior and exterior of the home has been painted from top to bottom in May of 2024 for a new, fresh look. The landscaping has been transformed with new mulch to accent the low maintenance plants. The one car garage is equipped with built in closets for ample storage space. This home has had many additional upgrades including 2023 new stainless steel kitchen appliances, 2023 new washing machine, 2023 updated primary shower, and 2021 new hot water heater. A new roof will be installed before closing with a completed wind mitigation report. The HOA community benefits include a private pool, large clubhouse, and multiple shuffleboard courts for its members. Located close to US 19 North, the the famous Pinellas County Beaches are just minutes away. This location also has easy access to both St. Pete and Tampa International airports, and it is just a quick trip to downtown St Petersburg and downtown Tampa.
Source: STELLAR #u8251861
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #u8251861
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: #u8251861
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.