169 Summershore Dr, Auburndale, FL 33823
4 beds · 2 baths · 1,949 sqft
Welcome to 169 Summershore, a beautifully upgraded lakefront retreat built by Richmond Homes in 2019. Perfectly positioned on the water, this 4-bedroom, 2-bathroom Ruby floor plan offers breathtaking views and direct lake access. This home is featuring shiplap accents, custom board and batten details, and upgraded lighting throughout. The kitchen is a showstopper, boasting ceiling-height cabinets, a stylish backsplash, sleek hardware, an island, and a counter-depth fridge. Both bathrooms have been elevated with custom mirrors, and modern lighting. The spacious master suite is a true sanctuary, offering an upgraded shower with frameless glass and elegant fixtures. Outside, screened-in porches in the front and rear. The rear porch provides the perfect place to unwind and watch the beautiful sunrise, while the fenced backyard with privacy bushes offers seclusion and serenity. Sitting on an easement lot, this home provides extra side yard space for a little extra privacy And the best part? Your own private boat dock, giving you direct access to the lake for endless waterfront enjoyment. Additional upgrades include soft-close toilet seats, custom window framing in the master and living room, added ceiling fans, and more! This move-in-ready lakefront gem won’t last long! Schedule your private tour today!
Source: STELLAR #P4934224
Financials
Source: STELLAR #P4934224
Source: Public records
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%. 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.
Other resourcesWhat 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.