488 Avila Pl, Howey In The Hills, FL 34737
4 beds · 3 baths · 2,549 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to 488 Avila Place in the oh so beautiful town of Howey in the Hills. This 4 bedroom 3 bathroom 3 car garage home comes with endless upgrades. As you enter this beautiful home you will immediately notice the open floor plan, perfect for hosting or simply spending time with the whole family. The kitchen features addition cabinetry along with an extended island and Corian counter tops throughout the entire home. Right off the kitchen you will find the mud room and indoor laundry room, which have both been upgraded with cabinetry for extra storage space. The living room upgrades include a built in entertainment center with floating shelves and an electric fireplace along with a large ceiling fan. Walking into the large primary bedroom you'll find built in cabinetry along with double sinks, a large shower, and a walk in closet. The back porch features electric operated roll up screen doors, pavers, and has been extended for more entertainment space. Relax and enjoy a movie on the back porch with out getting tore up by mosquitos. If you get bored at home, jump on your golf cart or take a walk to the library right down the road. If reading isn't your thing, that's okay too, there's a playground right next to the police station, talk about safe! Want a better view? Head down to the lake where you can put your boat in, play on the playground, or grab a bite to eat at JB Boondocks Bar & Grill. This little town truly has it all. Call today to schedule your private showing.
Source: STELLAR #G5095959
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #G5095959
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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.