3073 DUNMORE DR, Lake Wales, FL 33859
CDD Debt PAID in FULL! NEW ROOF INSTALLED MARCH 2024. Welcome home to this Hemingway floor plan with Luxury Vinyl Plank Flooring throughout. With over 1,688 sq.ft. this home 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). The irrigation system was replaced in 2022, helping to keep the lawn nice and green. The front screened lanai is the perfect place to sit and enjoy the Florida sunshine or chat with a neighbor. As you enter the home through the front door with side light you will notice the abundance of natural light. This light and bright home has triple sliders in the living room that lead directly to the lanai. Two solar tubes were installed in each bathroom in 2018. The kitchen has 42" cabs, a breakfast bar, pantry with bi-fold doors and separate dining space with plantation shutters. The laundry room with separate storage closet is directly located off the kitchen. Washer and Dryer will convey with the sale. The guest bathroom features a comfort height vanity and shower/tub combo. The master bedroom has a walk in closet and en-suite bath. The master bath features a comfort height vanity with double sinks, linen closet and walk in shower (re-grouted 2022). Enjoy entertaining? Open the triple sliders and step into the covered screened lanai. The bottom 1/2 of the screen is a hard plastic screen (installed 2022). 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), and so much More! Ask for a full list of improvements. 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 home located at 3073 Dunmore Drive Lake Wales, Florida 33859 is ready for its next owner to move in and start enjoying the Florida Lifestyle.
You may be able to put down less than the total down payment amount of $149,147 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: #p4928712
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.