1413 Wallace Manor Pass, Winter Haven, FL 33880
4 beds · 2 baths · 1,842 sqft
Welcome to this stunning move-in-ready home, featuring 4 bedrooms, 2 bathrooms, and an open-concept design perfect for modern living. The spacious layout effortlessly connects the living room, dining area, and flex room, providing plenty of space for gatherings, work, or relaxation. Throughout the home, elegant plank tile flooring creates a clean and stylish look while offering easy maintenance. The kitchen is designed for both function and style, boasting a large island with seating, perfect for casual meals or entertaining. The home includes a mix of newer appliances, with a stainless steel refrigerator and microwave, and all appliances being one to three years old. Plenty of cabinets and counter space provide excellent storage and prep areas. The master suite is a private retreat, complete with a walk-in shower, dual sinks, a spacious walk-in closet, and a separate linen closet. Each additional bedroom is well-sized and features modern ceiling fans for year-round comfort. Beyond its beautiful interior, this home offers exceptional energy efficiency with fully paid-off solar panels, allowing the new owner to enjoy significantly lower electric bills. A whole-home water filtration and softener system, installed in 2021, ensures high-quality water throughout the home. The property also features a 4-station sprinkler system, making lawn care a breeze. Step outside to a private backyard, where a small wood deck provides the perfect spot for relaxing or hosting a BBQ. The vinyl fence offers added privacy, while the storage shed provides convenient extra space for outdoor tools and equipment. Located near the Polk Parkway, this home provides easy access for commuting and travel. It’s just 10-15 minutes from Legoland and close to downtown Winter Haven, where you’ll find shopping, dining, and entertainment. Outdoor enthusiasts will love the nearby lakes, nature trails, and the community’s private dock, perfect for fishing or simply unwinding by the water. With its modern upgrades, energy savings, and prime location, this home offers exceptional value and is priced to sell quickly. Schedule your showing today!
Source: STELLAR #TB8363169
Financials
Source: Public records
Source: STELLAR #TB8363169
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.