Just look at this exceptional POOL HOME in Avon Park Lakes! Your Dream Home Awaits at 1811 W. Allamanda Boulevard... Welcome to a truly unique and meticulously maintained property in the heart of desirable Avon Park Lakes, Florida. This is not just a house; it's a lifestyle waiting for you! Boasting an oversized lot and an array of significant recent upgrades, this home offers comfort, convenience, and charm that is unparalleled in the market. Key Property Highlights: Spacious Living: This home offers ample room for relaxation and entertaining, highlighted by two distinct gathering spaces. The family room features a cozy, traditional wood-burning fireplace, perfect for cool Florida evenings, while the living room is illuminated by two large skylights and anchored by a beautiful, generous electric fireplace. Modern Peace of Mind: Enjoy worry-free living with all the major expenses recently addressed! Newer Metal Roof: Installed only two years ago for superior durability and longevity. Updated HVAC: The air conditioner and handler are only three years old, ensuring efficient and reliable cooling year-round. Outdoor Oasis: Step into your private, well-maintained paradise! The fully enclosed, in-ground swimming pool was updated in 2022, and provides a perfect retreat for fun and fitness. The fenced-in backyard is spacious and private, with a functioning lawn irrigation system to keep your yard lush and green. Unrivaled Storage & Workshop Space: This feature is a rare find! This beautiful home includes two fantastic backyard sheds. The first is a 10' x 12' model with a ramp, ideal for lawn equipment or general storage. The second is an incredible 10' x 30' fully enclosed model that is fully electric, making it the perfect dedicated workshop, hobby studio, or massive extra storage facility. Additional Features You'll Love: A dedicated Laundry Room: Includes the washer and dryer, which are among the appliances included with the home. Large Two-Car Garage: Plenty of space for vehicles, tools, and extra storage. Appliance Package: All appliances are included in the sale, making your move-in seamless. Avon Park Lakes is a highly sought-after community, offering a blend of peaceful surroundings and easy access to local amenities. Properties featuring such significant mechanical updates (roof, AC) and premium extras (pool, large, powered workshop) are in high demand and do not last long. This home represents exceptional value and quality in the current market. Don't miss the opportunity to own this spectacular property! Call Mark today to schedule your private showing and start living the Florida dream! Motivated sellers are ready for you!
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.
