3073 Dunmore Dr, Lake Wales, FL 33859
2 beds · 2 baths · 1,688 sqft
CDD Debt PAID in FULL! NEW ROOF INSTALLED MARCH 2024. With over 1,688 sq.ft. this home with luxury vinyl plank flooring throughout offers an open floor plan with 2 Bedrooms/2 Baths, plus an additional room that could be used as a bedroom, craft room, office or den. This well maintained home has excellent curb appeal with mature landscape and paver driveway (resealed in 2022). Enjoy entertaining? Open the triple sliders and step into the covered screened lanai. The tiled floor and large fountain add a touch of class. Just beyond the lanai is a paver pad. It's the perfect place for the grill. This home has many improvements: A/C unit replaced 2019, Reverse Osmosis System (2020), Water Softener (2020), Solar Panels (2022), Attic Solar Fan (2018), A/C Panel for Wi-Fi (2023), AC Ductwork replaced from 90 to 245 with Blue Light (2019) and AC pump (2023), irrigation system was replaced in 2022. Located in Lake Ashton, a 55+ active community with a Clubhouse that offers a movie theater, bowling lanes, grand ballroom, card, billiards, craft and fitness rooms, outdoor community heated pool, bocce, and a variety of planned activities. Residents also enjoy a Health and Fitness Center with large indoor-heated lap pool, pickleball and tennis courts, card, craft and billiard rooms, 1/2 court indoor basketball and indoor racquetball court. 2 Private Golf Courses are located within Lake Ashton. Membership is optional and a variety of membership levels are offered. This move in ready home is ready for its next owner. Come Enjoy the Florida Lifestyle.
Source: STELLAR #p4928712
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #p4928712
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: #p4928712
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.