9307 San Bernandino Ave, Englewood, FL 34224
3 beds · 2 baths · 1,884 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Beautifully upgraded 3 Bedroom 2 bath home with loads of space as well as updated kitchens, baths and appliances. Situated on 2 oversized corner lots that are over a half acre total. From the moment you enter this home you are going to sense the amount of space and updates that will make you want to call it home. Living room, family room, interior laundry, breakfast nook and a 26 foot under roof lanai are just the beginning. All 3 bedrooms have walk in closets. 2nd bath has a jetted tub. Three sets of french doors lead out to a lanai that overlooks the additional lot in back of home, which is half cleared with a 2nd drive and fence to keep pets in and the critters out. Your enjoying all this with the peace of mind of a metal roof, accordian shutters, concrete curbing and gutters all the way around, plus you are situated in an X flood zone. Wind mitigation and 4 point inspections available by request.
Source: STELLAR #D6138577
Source: STELLAR #D6138577
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 and Equal Opportunity Act.