4922 Lake Valencia Blvd W, Palm Harbor, FL 34684
3 beds · 2 baths · 1,772 sqft sqft
NEW PRICE!! New Tankless Hot Water Heater. Highly sought after neighborhood. Lake Valencia, no flood zone. Pool Home with large screened Lanai. This 3 bedroom, 2 bathroom, family room/ great room, 2 car garage is ready for you to move in. With being a split plan, this could be used as a Mother-in law with own entrance or 2nd Generation living at home, but you want your privacy. Pool pavers have recently been pressure washed and sealed, NEW pool filtration system, pool is heated. NEW roof in 2022, NEW A/C 2022. All the big ticket items are taken care of. New sink and shower fixtures in the 2nd bathroom. Sprinklers/irrigation in front and back yard. This community is known for the shaded streets. Newer privacy fence surrounds the backyard. Grill on the lanai and enjoy your sitting area with new ceiling fans and lighting, while watching TV and enjoying that cup of coffee in the morning or evening refreshments. Pass through window from kitchen to Lanai. Sliding doors from Master Bedroom, kitchen and family/dining room. Windows are 4/2022, Hurricane rated (windows warrantied to new owner) Kitchen has newer Stainless Steel Appliances, 6 months old. On a chilly Winter day cozy up to the wood burning fireplace in your living room. Close proximity to Mall, shopping, restaurants, Tampa and the Bay.
Source: STELLAR #u8250139
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #u8250139
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 30-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: #u8250139
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.