204 KIPLING LN, Winter Haven, FL 33884
HUGE PRICE ADJUSTMENT SAYS LET'S GET THIS DONE!!! Sometimes the size of your new home belies the front exterior view. And then serendipity intervenes and leads you to this home with nearly 2,000 square feet of living space (over 2,300 square feet total) for UNDER $300,000 in one of Winter Haven's most popular and established neighborhoods. With three bedrooms (one of which is currently being used for household storage), two full bathrooms, a recently updated kitchen, and separate living and dining/family rooms, what more could you possibly need? You need the bonus room. The HUGE bonus room that's almost the size of two bedrooms and features a large closet area that will accommodate a bed. (The bonus room is currently being used as a play/craft room.) With all of this living space, what's currently being used as a family room can easily transition to a dining room. Designed and laid out for efficiency, the sparkling kitchen features sleek stainless-steel appliances, a WALK-IN PANTRY, and an oversized pass-through window into the bonus room. Recent upgrades include a NEWER ARCHITECTURAL-SHINGLE ROOF and DOUBLE-PANE HURRICANE WINDOWS. Out back you'll find a large porch which will have new screening prior to close. Located on an oversized fenced-in lot in SE Winter Haven, this home will easily suit first-time homebuyers, growing families, and empty-nesters alike. Thanks so much for your interest!
You may be able to put down less than the total down payment amount of $123,512 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: #l4944319