1023 Lake Avoca Pl Tarpon Springs, FL 34689
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About this home
Welcome home to 1023 Lake Avoca Place, nestled in the coveted Pointe Alexis community where you can feel like you live in a resort every day. This three-bedroom, two-bathroom home with a two-car garage is beautifully updated. You will love the vaulted ceilings and all of the natural light in the living room. The kitchen has been updated to include granite countertops, modern cabinets and stainless-steel appliances. The primary bedroom is on one side of the home and connects to a beautiful, four-season sunroom. There is also a primary en-suite with dual vanities, tile shower and brand-new flooring. The primary walk-in closet has a built-in organizing system. The other two bedrooms are on the opposite side of the home, and they share an updated guest bathroom with a bathtub/shower combination. French doors from the living room lead to a covered, screened back porch. The backyard includes mature landscaping that provides privacy. At Pointe Alexis, the HOA manages your lawn care which gives you more time to enjoy the community pool, gym, clubhouse, tennis, pickleball and much more. The HOA fee includes the recreational amenities, grounds maintenance, water, sewer, trash removal, Internet and basic cable TV. Pointe Alexis is three and a half miles from the Sponge Docks and just two miles from Gulf beaches. Schedule your showing today to see this beautiful home and community.
Source: STELLAR #TB8416534
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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