1705 Quail Hill Dr, Lakeland, FL 33810
2 beds · 2 baths · 1,413 sqft
Under contract-accepting backup offers. GORGEOUS 2 bedroom 2 bathroom home in the 55+ community of Foxwood Lake Estate where you OWN THE LAND, NO LOT RENT!! MANY updates in this meticulously maintained home which include a metal roof over in 2016, all windows including the Florida room were replaced in 2020 (guaranteed to 140 mph winds), new AC in 2022 and new water heater 2024!! Complete kitchen remodel with custom-built, all-wood cabinets with pull out drawers, stainless steel appliances and quartz countertops!! The Florida room has been converted to include AC and heat from the main unit so you can use it as a den, media room or office leaving plenty of room for you to spread out and relax. The back yard patio is a haven with many plants and flowers to enhance your view. This home is located on a corner lot with a dual driveway and huge 13x19 workshop/shed with utility sink!! Take advantage of the very low HOA dues with community features that include a large clubhouse, game room, billiards room, sauna, fitness center, library, large heated pool, hot tub, pickle ball court, shuffle board courts, bocce ball courts, basketball hoop, paved walking path around the lake and so much more!! Lots to do in this caring and active community like pot-luck dinners, entertainment series, dances, Wednesday morning coffee, raffles, bingo, zumba, pilates, line dancing lessons, pool aerobics, golf cart parades and many holiday celebrations! Don't miss this gem, schedule your showing today!
Source: STELLAR #p4932770
Source: STELLAR #p4932770
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: #p4932770
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.