1340 EAGLE CREST BLVD, Winter Haven, FL 33881
ASSUMABLE VA MORTGAGE with a 3.75% rate! IT’S GOOD TO BE HOME - Welcome to 1340 Eagle Crest Blvd, in Winter Haven. This inviting 4-bedroom 3-bathroom 2 garage home built in 2020 located in the desirable Eagle Crest Community. As you enter through a screened room into this home with double front doors, you are greeted by a spacious and open floor plan. The living and dining areas are filled with natural light, creating a warm and welcoming atmosphere. The large dining room and foyer area leads into a spacious updated kitchen with dark solid wood soft closed cabinets, lots of granite countertops, and stainless-steel appliances, and a gas range. It has a large island and a seated bar area, which ties into the large living room. From the living room the large sliding glass doors enters a NEW covered, screened patio to enjoy the outdoors and the fenced backyard with no rear neighbors. Great for entertaining and taking in a sunset, with nice view of the lake. This home offers a split bedroom layout for added privacy, featuring a large master bedroom with an oversized walk-in closet and an ensuite bathroom with dual sinks, a walk-in tile shower and a large soaking tub. This amazing property offers a ton of upgrades! Tankless water heater, Wood look tile flooring throughout, granite countertops in bathrooms and 10 ft. ceilings throughout the entire home. The Living room and Master bedroom have automated shades installed. Located near Polk State College, Lake Elbert, downtown Winter Haven, easy access to dining, shopping, and entertainment. Nearby attractions include Legoland Florida Resort and Chain of Lakes Park. Do not miss out on this wonderful home...Book your private showing today.
You may be able to put down less than the total down payment amount of $27,307 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: #l4946244