147 Krenson Bay Loop, Winter Haven, FL 33881
3 beds · 2 baths · 1,413 sqft
One or more photo(s) has been virtually staged. Welcome to Modern Comfort and Peace of Mind! Nestled in a charming gated community of fewer than 80 homes, this 2021-built gem offers a harmonious blend of style, convenience, and durability. Designed to meet Florida’s latest hurricane codes, the home boasts 16-on-center interior studs, providing added structural integrity. With R-38 insulation and a Carrier AC unit, energy efficiency is at the forefront, ensuring comfort and lower utility costs. Plus, the Taexx pest control system is already installed, offering a discreet and effective way to keep your home pest-free. Located in Winter Haven, this lakefront community on Lake Idyl offers the best of both tranquility and accessibility. You’re just minutes from downtown Winter Haven, where you can enjoy the Saturday Farmers Market or catch the renowned water ski shows on Lake Silver. Additionally, Polk State College is within walking distance, making this an ideal location for students or faculty. With no CDD and a reasonable HOA, you’ll enjoy amenities without the extra cost. Conveniently close to Publix, parks, and recreational lakes, and with easy access to Hwy 27 for trips to beaches, theme parks, and more, this home is perfectly positioned for a vibrant lifestyle. Don’t miss your chance to own this meticulously designed home in an intimate, tranquil setting that’s close to everything you need. Schedule your showing today!
Source: STELLAR #l4948880
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #l4948880
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #l4948880
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.