1015 Joyce Rd, Lake Wales, FL 33853
3 beds · 2 baths · 1,621 sqft
One or more photo(s) has been virtually staged. The spacious open floor plan will welcome you as soon as you walk through the front door and your eyes will be drawn past the dining room and living room to the sliding glass doors which offer a view of your TROPICAL BACKYARD RETREAT. The backyard screened patio offers ceramic plank flooring, and combined with the outdoor gazebo offers plenty of room for you to sit back, relax and enjoy the beautiful Florida weather and the privacy of your fenced in back yard and no rear neighbors. The kitchen features GRANITE COUNTERTOPS, STONE BACKSPLASH, a closet pantry, stainless steel appliances and a window over the kitchen sink. Designed with a split bedroom plan, the master bedroom offers a walk-in closet and an en-suite bathroom with an inside utility room dividing it from the 2 guest bedrooms and guest bath. Additional upgrades include vinyl plank flooring by “Lifeproof”, gutters, cameras, ring doorbell and assorted fruit trees including mango, avocado and star fruit. Whispering Ridge is conveniently located near restaurants and shopping, and just minutes away from the biking/walking trail around Lake Wales Lake and Historic Downtown Lake Wales. The entrance to Bok Tower is just a little over a mile away. Lake Wales and surrounding areas have some of the most beautiful lakes central Florida has to offer, and Orlando and Tampa are just an hour+ away. **MAKE SURE TO CHECK OUT THE ATTACHED 3D TOUR** and then call and schedule your appointment to view this amazing home.
Source: STELLAR #p4932867
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #p4932867
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #p4932867
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.