Welcome to this stunning 2024-built Ensley model located in the highly sought-after Harmony at Lake Eloise community in Winter Haven, Florida. Offering, 2,476 square feet of beautifully designed living space and over 2,900 total square feet under roof and all exterior block construction. This two-story smart home perfectly blends modern style, comfort, and functionality. Step inside to an inviting open-concept floor plan featuring a spacious living area that flows seamlessly into the kitchen and dining area—ideal for entertaining and everyday living. The kitchen is a true centerpiece, showcasing sleek quartz countertops, stainless steel appliances, ample cabinetry, and a large island for gathering. The first floor also includes a convenient bedroom and full bathroom, perfect for guests or a private home office. Upstairs, you’ll find a versatile spacious loft space that can serve as a second living area, media room, or guest retreat. The second floor also features three additional bedrooms, including a generously sized primary suite complete with a walk-in closet and a well-appointed en-suite bathroom. A dedicated laundry room adds convenience to the upper level. This home is equipped with a smart home system, allowing you to control key features with ease and efficiency. The two-car garage provides plenty of storage and parking space. Located in the desirable Harmony at Lake Eloise community, residents enjoy a low HOA of just $30 per month along with excellent amenities including a community swimming pool and sidewalks. Even more exciting, and only a stones throw away the neighborhood is expanding to include a future lakefront clubhouse on Lake Eloise, one of 25 canal connected lakes connected to the world renowned "Winter Haven Chain of Lakes" offering endless fishing, skiing and recreational opportunities. Also future plans include playground, and boat slips on Lake Eloise for homeowners—offering a true Florida lifestyle experience. Don’t miss your opportunity to own this move-in-ready, nearly new home in one of Winter Haven’s premier neighborhoods.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
