1134 Forest Gate Cir, Haines City, FL 33844
3 beds · 3 baths · 2,279 sqft
This is the one you were looking for Price undervalue for a quick sale. Instead, equity With a bunch of incentives. Look no further location is the key. This beautiful four bedroom two and a half bath with 2170 square feet of living space two story is waiting for you. Located century in Haines City right off of US 27 close to all restaurants shopping and entertainment. This beautiful property with its open floor plan will have you breathtaking as the views from the pool deck in the back will have you enjoying the Florida lifestyle living. And let's not forget this house has installed solar panels to save you money on the electric bill. Also, let's not forget about the brand new roof. and with the huge loft in the second floor. In your backyard fenced in for your privacy this particular model from Richmond American homes called the PALM is to say like a little mini castle that has been waiting for you. And let's not forget ladies when you see this gorgeous kitchen combo living room dining room is to die for plenty of room to entertain friends and family always around the kitchen This one is a definite have to take a look at don't miss out won't last long at the market at the current price point. The owners had instructed me if they receive a full asking price they will be giving a contribution towards your closing costs in the amount of $5.000 Also, seller will be giving a $20,000 contribution towards solar panel purchase.
Source: STELLAR #S5101042
Financials
Source: Public records
Source: STELLAR #S5101042
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.