641 Bay Lake Trl, Oldsmar, FL 34677
3 beds · 2 baths · 1,250 sqft
Are you looking for a great home with pool and with a relaxing water view? Then this is the one for you. Gorgeous pool home, beautiful water view and this one never flooded in the last two storms. No hoa and low flood insurance as it is 10'7" above sea level! The interior is amazing with high quality features including Travertine flooring, high end custom cabinets, granite counter tops and so much more. High end features, great location, pool, and water view. Located halfway between world-class beaches (#1 in the U.S.) and Tampa. The City of Oldsmar is a Golf Cart friendly community with access to a public boat ramp, kayak launches, fishing piers, parks, playgrounds, trails, bars, restaurants, shopping and more! Homes like this do not come up for sale often. This one has it all including location, parks, top rated schools, and more. What are you waiting for. Schedule your showing today, PS. No flood issues here at all. High and dry the last two storms.
Source: STELLAR #tb8319057
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8319057
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: #tb8319057
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.