137 Diamond Ridge Blvd, Auburndale, FL 33823
3 beds · 2 baths · 1,053 sqft
Under contract-accepting backup offers. Welcome to this delightful 3-bedroom, 2-bathroom single-story home located in the highly sought-after Diamond Ridge community of Auburndale. With a spacious open-concept layout, this residence is perfect for entertaining or everyday living. The well-appointed galley kitchen features modern appliances and ample cabinet space, seamlessly connecting to the inviting living and dining areas. The master bedroom serves as a private retreat, complete with an en-suite bathroom, while the additional bedrooms provide versatile options for a growing family, home office, or guest accommodations. A second bathroom is conveniently located nearby. Step outside to a fully fenced backyard, ideal for privacy and outdoor activities. The front-facing two-car garage offers plenty of parking, and the beautifully landscaped front yard, adorned with tropical palms, enhances the home’s curb appeal. Nestled in a tranquil neighborhood, this property is just minutes from local schools, shopping, and dining, with easy access to major highways for a quick commute. Enjoy proximity to popular attractions, including Legoland Florida Resort and Bok Tower Gardens. For outdoor enthusiasts, Lake Juliana and Auburndale’s Lake Myrtle Sports Park provide plenty of recreational opportunities. Don’t miss out on the chance to make this beautiful, move-in-ready home yours—schedule your showing today!
Source: STELLAR #L4948442
Source: STELLAR #L4948442
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.