103 Paleo Point Ct, Winter Haven, FL 33880
4 beds · 2 baths · 2,124 sqft
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!
Source: STELLAR #l4943514
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #l4943514
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: #l4943514
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