292 Lake Lucerne Way, Winter Haven, FL 33881
5 beds · 3 baths · 3,075 sqft
ASSUMABLE MORTGAGE! Welcome to your dream home at 292 Lake Lucerne Way in the heart of Winter Haven, Florida! This stunning residence offers a perfect combination of modern convenience and cozy living, nestled within a peaceful community with superb amenities. As you step into this home, you’re greeted by an open and airy floor plan with abundant natural light. The thoughtfully designed layout ensures effortless flow between the living, dining, and kitchen areas, making it ideal for both entertaining and everyday living. Smart home with all the new tech including solar panels for GREEN living! The stylish and modern kitchen is situated adjacent to the dining room and great room with sleek granite countertops, stainless steel appliances, wood cabinetry with plenty of storage space, & a center island perfect for meal prep and casual dining. This space truly serves as the heart of the home. The primary suite is an expansive private oasis with a walk-in closet and a beautifully appointed en suite bathroom. All bedrooms are particularly spacious, offering room for privacy and relaxation. Whether you have a home office, multi-generational household, or growing family . . . . this home has room to roam. Step outside to enjoy the serene backyard, complete with a covered patio ideal for relaxing or hosting gatherings. The yard offers endless possibilities for outdoor activities, swimming pool, herb garden, or tropical landscaping. Situated in the desirable community, this home provides residents with access to: swimming pool, clubhouse, playground, & quiet pedestrian-friendly streets and a family-friendly atmosphere. Ideal proximity to quality schools, shopping centers, and dining options. Easy access to major highways for commuting to Orlando or Tampa. WInter Haven is known for its Chain of Lakes so you are always near lakes and parks for outdoor enthusiasts.
Source: STELLAR #l4948929
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #l4948929
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: #l4948929
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.