1924 Eloise Cove Dr, Winter Haven, FL 33884
4 beds · 3 baths · 2,513 sqft
Welcome to 1924 Eloise Cove Drive, a spacious 4 bedroom home with 3 full baths in the desirable gated community of Eloise Cove. Residents of Eloise Cove enjoy the security of a gated community and access to the stunning Chain of Lakes via Lake Eloise, making it easy to enjoy boating, fishing, and the natural beauty that makes Winter Haven such a special place to live. Inside the home, you’ll find a large and functional floor plan with a formal living room area just off the foyer and a formal dining room just off the entryway. Flow through either of those rooms into a spacious kitchen and family room. The kitchen is equipped with 42-inch cabinets, Corian stone countertops, stainless steel appliances, a large pantry, and a built-in desk area. This split plan also offers a primary owner’s suite with a separate sitting area. Your owner’s suite features two walk-in closets, dual vanities, a garden tub, and a separate shower, providing a private retreat for your relaxation at the end of each day. No carpet to deal with here —just easy-to-maintain tile and laminate flooring throughout the entire home. Outside, the large fenced yard offers ¼ acre of space perfect for outdoor activities, pets or even your future pool! The covered lanai is ideal for relaxing or entertaining in the shade, or you can choose to soak in the sun on the large wooden deck out back. Mature landscaping adds to the home’s curb appeal, and the two-car garage provides ample storage. Move in with confidence as the big ticket items are all newer - Roof 2022, AC 2022, Water Heater 2024. Located just down the street from LEGOLAND, this home is close to shopping, dining, and the many attractions of the Cypress Gardens area. Just over one hour to either Disney World to the east, or Tampa to the west, Winter Haven is the ideal location to benefit from all that Central Florida has to offer. Don’t miss the opportunity to make this wonderful home yours! Assume this home at 4.1% and save thousands annually. Schedule a showing today.
Source: STELLAR #O6289076
Financials
Source: STELLAR #O6289076
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.
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