2450 Avenue D SW, Winter Haven, FL 33880
3 beds · 2 baths · 1,697 sqft
**The seller is offering $7,500 in concessions to the buyer.** Step into the charm of yesteryear with this well maintained 1926 home that seamlessly blends vintage details with modern updates. This timeless residence has 3 bedrooms and 2 bathrooms, offering a perfect balance of comfort and character. As you enter, be greeted by the warmth of hardwood flooring that graces the main living areas, creating an inviting ambiance. The sunroom doubles as a tranquil office space, bathed in natural light, making it an ideal spot for work or relaxation. Preserving the home's historic charm, original lighting fixtures adorn various rooms. Built-ins throughout the home provide both functionality and a touch of nostalgia, offering ample storage solutions and a sense of timeless craftsmanship. The primary bathroom is a true retreat, featuring dual shower heads for a spa-like experience. The bathrooms have been recently renovated, seamlessly marrying vintage aesthetics with contemporary convenience. Efficiency meets modern living with a tankless water heater, ensuring a constant supply of hot water while being energy-efficient. The large screened-in front porch beckons you to unwind and enjoy the peaceful surroundings, creating the perfect setting for outdoor gatherings or lazy afternoons. New windows have been installed throughout the home. Immerse yourself in the rich history of this 1926 home while reveling in the comfort of modern amenities – a perfect blend of old-world charm and contemporary living. This property is not just a home; it's a living piece of history waiting to be cherished by its new owners!
Source: STELLAR #l4941967
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #l4941967
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: #l4941967
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