103 PALEO POINT CT, Winter Haven, FL 33880
Beautiful 4 bedroom home nestled on a cul-de-sac in a gated community on Spirit Lake Road. Enter through the front door into a foyer with the formal dining room on the right which overlooks the front yard. This home boasts a split bedroom floorplan with the owner's suite on the left with beautiful natural light and doors to the back yard lanai. The owner's suite has a wonderful sun-lit bathroom with two separate vanities, an enclosed shower and a jetted tub in the center. The open kitchen features corian countertops, stainless steel appliances, a beautiful backsplash and even a dinette for the less formal dining. The kitchen overlooks the living room with stunning bamboo floors and a wonderful open airy feel. Sliding doors from the living room lead to the large lanai and oversized back yard. Down the hallway you will find a guest bathroom and three additional bed rooms. The 2 car garage features a storage shelf, and utility sink, all which stay with the house. An oversized lanai is attached to the rear of the house overlooking the large back yard which is fully fenced with gates on each side and has garden plots already laid out. There are currently fig trees, papaya trees, avocado trees, a jackfruit tree as well as pineapples and rosemary planted in the yard. There is exterior lighting on the rear of the house, a sprinkler system is also installed but not currently operational. Some furniture is available for purchase as well as a lawn mower, tool chest, floor jack and stands. The seller also has several boxes of the bamboo flooring that will be left for the new owner. Lanai furniture stays with the house. Call today for your private showing of this gorgeous slice of Florida paradise!
You may be able to put down less than the total down payment amount of $126,754 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #l4943514