1143 Towergate Cir, Lake Wales, FL 33853
4 beds · 2 baths · 1,760 sqft sqft
Welcome home! Six minutes from the enchanting Bok Tower Gardens, this delightful residence offers a harmonious blend of natural surroundings and modern convenience. Imagine beginning your mornings with a leisurely walk through breathtaking gardens, then retreating to your peaceful oasis in the coveted Towergate Estates—a private, gated community of just 20 homes, each resting on over a half of an acre, evoking a serene "Mini Mountain Lake" feel. Completed in 2017, this 4-bedroom, 2-bathroom home spans 1,760 square feet and is thoughtfully designed to embrace natural light and open spaces. Upon entering, you're welcomed by a formal dining area and multiple windows ensures the space is filled with sunlight, creating a warm, inviting atmosphere. This home is packed with thoughtful upgrades, such as 16-inch on-center studs, energy-efficient double-pane windows, a durable 30-year architectural shingle roof, Taexx in-wall pest control tubing, R38 insulation, and a high-performance Lennox AC system with an indoor air handler. Additional amenities include a water softener system and eco-friendly landscaping complete with a full irrigation system for both the front and back yards. Tucked away in this quaint Lake Wales community, you'll find a sense of calm and beauty in a neighborhood that feels like home. Don’t miss the chance to experience this exceptional property—schedule your viewing today!
Source: STELLAR #o6251638
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6251638
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.
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: #o6251638