100 High St, Winter Haven, FL 33880
3 beds · 2 baths · 1,732 sqft
Great opportunity for an over 1/4-acre property in Winter Haven - with NO HOA or CDD! This home has 3 bedrooms, 2 bathrooms, 1396 square foot with an oversized 2 car carport. Step inside to a generous sized living area - that feels very open. The step saver kitchen is directly off of the family room and includes ample counter and cabinet space, modern white cabinets and backsplash and a pony wall that allows easy conversation to the family room and the spacious dining room. The primary suite includes a nice sized closet, vanity and step in shower. The secondary bedrooms share a full bathroom. A bonus room off the carport with private access, that is separate from the main home. This creates great potential for an office or in law space. Central location, right across from Elementary school, close to Tampa or Orlando, Interstate, shopping and eateries. It's good to be home. Case # 093-958182 Go to www.hudhomestore.gov for bid timeline, disclosures, read property condition report & other forms. FHA financing is available (I-insured). FHA 203k loan eligible if buyer chooses, but is subject to buyers FHA appraisal. Buyer selects closing agent/firm. This home is owned by HUD – Housing of Urban Development. “All properties sold ‘as is’ without any guarantee or warranty by the seller”. All buyers must be accompanied in by a representing RE agent. All measurements are estimates. 30 day owner occupant first look period.
Source: STELLAR #TB8350278
Financials
Source: Public records
Source: STELLAR #TB8350278
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.