1 of 53
$350,000

1900 CARNOSTIE RD, Winter Haven, FL 33884

4 beds · 3 baths · 2,170 sqft

Welcome to your dream home in the vibrant new Villamar community of Winter Haven! This like-new, two-story residence shows like a model home with 4 spacious bedrooms and a versatile large bonus room. The beautifully designed kitchen features elegant granite countertops and sleek stainless steel appliances, complemented by tile flooring in the living and wet areas and cozy carpet in the bedrooms and bonus room. Enjoy the privacy of no backyard neighbors and energy efficiency with high-performance toilets, water-efficient faucets, and an ENERGY STAR® dishwasher. Additional eco-friendly features include advanced framing, spray foam insulation, a conditioned attic, Low-E windows, sealed insulated ducts, and low-to-zero VOC materials. The home also features a M.Connected Home™ Automation Suite, high-performance air filtration with MERV 13, and LED lighting. The Villamar community offers resort-style amenities including a clubhouse, pool, and playground, and is conveniently located near shopping, schools, and attractions such as Legoland Florida and Peppa Pig Theme Park. Enjoy the charm of nearby award-winning community theater and the scenic Chain of Lakes. Don't miss out on this exceptional opportunity!

Interest rate 3
4.5%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,575
With Roam
$1,944
Reduce your monthly payments by $369 when you assume this mortgage.
You also save $123,625 in total interest paid.
$49,824
Edit

You may be able to put down less than the total down payment amount of $49,824 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.
45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

Location

Details

Home
Size
2,170 sqft
Lot size
0.12 acres
Year built
2022
Type
Single Family Residence
Loan
Remaining term
27 years, 11 months
Rate
4.5%
Monthly P&I
$1,575
Remaining loan balance
$300,175

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

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.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

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.

Will an assumption work for me?

An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.

Why do buyers use Roam?

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.

View all FAQs

Resources

Last updated: Sep 19, 2024 10:05 am
Listing agent: Lynne Halleran (813) 763-1881
Listing provided courtesy of: COLDWELL BANKER REALTY (863) 687-2233
Details provided by STELLAR and may not match the public record.
MLS ID: #l4946547
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2024 MLS GRID. All Rights Reserved.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 45 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
Interest rate 3
4.5%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,575
With Roam
$1,944
Reduce your monthly payments by $369 when you assume this mortgage.
You also save $123,625 in total interest paid.
$49,824
Edit

You may be able to put down less than the total down payment amount of $49,824 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

$1,575/mo
View details