120 LINCOLN RD, Winter Haven, FL 33884
Welcome to your dream home! This incredible 4-bedroom, 2-bath gem features a sparkling pool and so much more. With 1,903 square feet of space, it’s perfect for entertaining family and friends. Step into the inviting living room, where upgraded finishes and thoughtful details create a cozy, welcoming atmosphere. Cook up a storm in the sleek kitchen, equipped with stainless steel appliances that make meal prep a breeze. Retreat to the huge master bedroom, which includes a renovated bathroom and a massive walk-in closet – perfect for keeping your wardrobe organized. Each of the spacious additional bedrooms also boasts its own walk-in closet, ensuring everyone has their own space. Say goodbye to laundry day stress with the oversized laundry room that makes chores simple and efficient. Enjoy easy maintenance with a carpet-free home – no more worrying about spills and stains! Benefit from extra parking and a roomy 2-car garage. Recent upgrades include a new roof (2023) and an HVAC system (2020), plus a fantastic underground trampoline and playground area for endless fun. Slide open the glass doors to a massive porch and backyard. Dive into the screened-in pool, challenge friends to a game on the half-court basketball court, and fire up the barbecue pit for unforgettable cookouts. Enjoy total privacy with a fully fenced yard. Located just minutes from boating on the Chain of Lakes, Legoland, delicious dining spots, and fantastic shopping, with easy access to Orlando and Tampa, this home is also an excellent opportunity for Airbnb or short-term rentals. Don’t wait – this beautiful, spacious home won’t last long. Call now to schedule your showing and make this dream home yours today!
You may be able to put down less than the total down payment amount of $202,296 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: #l4946954