1036 Spirit Lake Rd, Winter Haven, FL 33880
3 beds · 3 baths · 2,279 sqft
HUGE DISCOUNT ALERT!!! HIGHLY MOTIVATED SELLER!!! Whoever is fortunate enough to buy this home will be getting a great bargain!! If you have been in search of a lake front home, a home with an in-law suite and a second bedroom with a private bath, this home is the one for you. Owning your own dock and boat ramp make access to the lake easy from your own back yard. You can enjoy fishing, water skiing, kayaking or any water activities you may enjoy. From your back porch (Approximately 627sqft) you can enjoy the serene beauty of Lake Sears with gorgeous sunrises and nice breezes. This home has so much potential and you can use your imagination as to how to utilize and update the space. There are 3 bedrooms, 3 bathrooms (possible 4th bathroom) and a bedroom /in-law suite approximately 360sqft), a separate dining room/family room, living room/dining room, an indoor laundry room, large kitchen with solid wood cabinets, ample storage throughout the home and a 2-car garage. The home sits on just under 3/4 of an acre. For your storage needs you will find a 20 X 20 shed in the backyard. The home is located close to the Polk Parkway and Hwy 17. Don’t wait, schedule a time to see this fantastic home before it is gone!
Source: STELLAR #l4947277
Source: STELLAR #l4947277
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: #l4947277