1769 S Lake Reedy Blvd, Frostproof, FL 33843
3 beds · 2 baths · 1,756 sqft
The home they never wanted to sell! Here's the Florida Lake Front Retreat that YOU'VE been looking for. Properly situated on Central Florida's Fresh Water Lake Reedy in Frostproof, it is FAA APPROVED for your Sea Plane and home to the LAKE REEDY BASS FISHING TOURNAMENT for your fishing desires. The Breathtaking Sunsets from the 140ft dock or the Sancturary of the 35x24 Enclosed Porch provide all the serenity you need to recharge from your day. Not to mention the Luxury Swim Spa providing you with an endless swimming experience. Your next home offers a blend of modern luxury and timeless charm. You can Live off of the land with almost half an acre of private land. Add to the Fruit trees(grapefruit, cherry, orange, lemon, banana) and create your own nursery around the chicken coup. Can even fish from the Private Beach if you choose. As we enter your home you're immediately greeted with an OPEN CONCEPT, noticing that Lake Views are apparent in almost every location in the home. Providing you with plenty of Natural Sun Light. The home flows straight into the Kitchen/Family room setup which is ideal for entertaining friends and family from your Chefs Kitchen. Enjoy the New Premium Stainless Steel appliances until your hearts content. You can enjoy delicacies like Smores with your Dual-Sided Wood Burning Chimney with Family in the living room or even in privacy from your Master Suite. Speaking of, the Vintage accents throughout the home continue to provide more charm into the master. The Master Bath was Fully Remodeled leaving you the choice of bathing in a luxurious Pedestal Bathtub or rainfall Standup Shower. Moving along, the Master Closet provides the convenience of space and storage while providing the serenity of overlooking the lake. Some more features of the home is the Massive 46.5 ft long florida room perfect for more common space, the 2.5 Car Garage perfect for your toys, the convenience of a half circle driveway with plenty of space for even an RV complete with 50 amp hook up. The 2019 roof. Your next Florida retreat is the result of all of the Love from the previous owners. That Love certainly will extend to you once you see this home. Schedule to see today!!!
Source: STELLAR #p4933181
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #p4933181
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: #p4933181
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.