1905 MASTERS WAY, Plant City, FL 33566
Welcome to your dream home nestled in the serene Walden Lake community of Tanglewood! This stunning 4-bedroom, 3-bathroom residence spans an impressive 2,929 sq ft of living space, situated on a picturesque .38-acre lot with no back neighbors, offering peace and privacy. As you approach, a charming walkway leads to elegant double doors adorned with etched glass inserts, setting the tone for the elegance within. The home's thoughtful split floor plan includes an oversized great room with built-in shelves, stunning archways, and a Florida room with expansive windows that bathe the space in natural light, offering captivating views of the lush backyard. The spacious kitchen is a chef's delight, featuring abundant cabinet and counter space, a walk-in pantry, and high ceilings—perfect for displaying decorative accents or greenery above the cabinets. Just off the kitchen, you'll find a large dining room, ideal for entertaining family and friends. Retreat to the tranquil primary suite, complete with his-and-hers walk-in closets and two additional built-in closets. The luxurious ensuite bathroom offers a relaxing garden soaking tub, a standalone shower, and ample space for comfort. One of the additional bedrooms features its own private full bath, perfect for guests or as a secondary suite. All bedrooms are generously sized, ensuring ample space for everyone. Other features include a convenient laundry room and a 2-car garage. Located on a quiet cul-de-sac, this home is part of an exclusive enclave of just 21 homes. Walden Lake offers a vibrant lifestyle with its scenic walking trails, dog park, playground, and sports complex. Residents also enjoy access to a beautiful lake for non-motorized vessels. Escape the hustle and bustle while staying conveniently close to I-4, providing easy access to both Tampa and Orlando. Discover the charm of historic Plant City in this truly exceptional home!
You may be able to put down less than the total down payment amount of $248,976 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
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.
MLS ID: #tb8304244
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.