13 Blue Quill Cir, Lake Wales, FL 33898
2 beds · 2 baths · 1,245 sqft
Get a free consultation call with an expert in the mortgage assumption process.
**Lake Front 2 Bedroom, 2 Bathroom Spacious Home with Basement** This magnificent lakefront home boasts two bedrooms, two bathrooms, and an expansive basement on your own deeded lot. Unlike other homes on the lake, this elevated lot exempts it from flood insurance requirements. The Florida room features large windows that reveals breathtaking views of Saddlebag Lake, providing an ideal setting for morning coffee and tranquil mornings. The home’s metal roof ensures additional security during severe weather conditions. The master bedroom boasts mirrored glass doors leading to the built-in closet. The spacious kitchen and dining area features modern storage cabinets and an island with a butcher block countertop and additional storage drawers. Many furnishings included with home (complete listing available upon request). The bathrooms are both luxurious and functional. One bathroom features a corner shower with glass enclosure, while the other offers a walk-in shower with fold-down seat and grab bars. The nearly 23x11 basement provides a unique and secure space offering ample storage and room for an air conditioned home workshop. The HVAC system is a heat pump model, providing cost-effective heating and cooling. The community offers an array of amenities, including a golf driving range, dog park, boat ramp, fishing pier with private marina, boating access to the lake and canals, beach house and community clubhouse, a large pool and spa, tennis courts, pickleball courts, professional-grade shuffleboard courts, horseshoe pits, a community pavilion for events and picnics, and an extensive list of clubs and activities. With its lakefront location, carport, modern elegant interior, basement workshop, and comprehensive community amenities, this home embodies the perfect blend of tranquility, security, and active lifestyle. Don’t miss the opportunity to experience your dream home! Contact us today for a tour and schedule your move.
Source: STELLAR #K4902753
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #K4902753
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.