Immaculate and updated pool home ideally located in SE Winter Haven just two blocks from Chain of Lakes access. This well-cared for pool residence features a sleek modern appearance with comfortable living spaces and an impressive level of quality updates found throughout. Interior features 4 bedrooms (two master suites), 3 bathrooms, formal dining room and an absolutely stunning kitchen. New luxury vinyl plank flooring flows through the main living areas including the spacious great room with relaxing views of the private backyard oasis. The home's large dining room is perfectly sized for entertaining or spending quality time with family. Amazing kitchen is truly a chef's dream with custom soft-close cabinetry, elegant quartz counters, stainless appliances and a top-of-line Ruvati Workstation Sink with accessories. It's easy to unwind in the oversized 20x18 master suite with its tray ceiling, walk-in closet and a spa-like master bath with barn door entry, marble topped vanity, dual sinks, soaking tub and a tiled walk-in shower. Remaining 3 bedrooms are all generously sized, one of which has an en-suite bathroom and could easily function as the home's second master/in-law suite. Inside laundry has plenty of room for a full size washer and dryer as well as extra space for storage. Stepping outside reveals an extended 33' long covered and screened lanai with tranquil views of the open-air and a 30x15 inground pool! A huge fully-fenced backyard and a SmithBuilt storage shed with electric for storing lawn equipment and pool toys or a workshop. There is NO HOA so feel free to bring your boat! Less than a 2 min walk from the Lake Summit boat ramp for easy access to the Winter Haven Chain of Lakes where you can enjoy fishing, skiing or boating any of the 20+ canal-connected lakes or stop for a bite to eat at one of the local lakeside restaurants. Extensive list of recent updates include: whole house replumbed in 2019, new roof in 2019, new AC handler in 2019, master bath remodeled 2019, new water heater 2019, kitchen remodeled 2021, new luxury vinyl plank flooring 2021, new variable speed pool pump 2024, pool heater 2022, back and front yard irrigation 2024, guest bathroom remodeled 2025! Close to Legoland, medical facilities, grocery stores, dining, shopping and conveniently located between Tampa and Orlando. Wonderful established neighborhood close to everything. Come see this one today!
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.
