VA loan
1 of 85
VA loan
$314,900 SIGNIN

Sign in to see required down payment for the 3.59% rate

322 W Peabody Cir, Avon Park, FL 33825

3 beds · 2 baths · 1,766 sqft

Concierge

Get a free consultation call with an expert in the mortgage assumption process.

One or more photo(s) has been virtually staged. Welcome to this remodeled, move in ready and upgraded corner lot home in Lake Damon South, Avon Park, FL, located in a beautifully manicured community. You’ll appreciate the desirable clubhouse and heated pool for year-round swimming, as well as the paved golf cart path that winds around Lake Damon, providing direct access to the family-owned Rivergreens Golf Course. The inviting atmosphere welcomes you from the moment you arrive. This remarkable home features three bedrooms, two bathrooms, and a spacious 2-car garage. The driveway is adorned with custom pillars highlighted by lighting, complemented by new low-voltage LED lights illuminating the landscaping. Patio spotlights enhance the trees, and outdoor fixtures are equipped with a timer for convenience. Inside, the living room offers a delightful view of the back screened lanai, perfect for relaxing moments. The master bathroom boasts a luxurious double shower head and double shower bench, complemented by Italian hardware and high-end porcelain tiles. A frameless shower enclosure and stain-free Italian fixtures elevate the modern aesthetic, while the new wood grain Italian tile flooring adds warmth. Common areas and bathrooms feature tile flooring, while the bedrooms are carpeted for comfort. The guest bathroom is beautifully appointed with high-quality Italian porcelain tiles, a brand new Kohler Soaker Alcove bathtub, and Italian shower hardware. It also includes a Kohler toilet and stylish glass shower doors. The kitchen offers ample cabinet and counter space, complete with a convenient chair-height bar, ideal for preparing meals and hosting gatherings. All appliances in the home are brand new. The garage features new TL 32 urethane epoxy flooring, which comes with a 10-year warranty and is both vibration and chemical-resistant, making it perfect for oil spills. The clear coat adds extra durability, while the indoor laundry room with a utility sink enhances convenience. The backyard shed provides additional storage space or can serve as a golf cart garage. Enjoy total privacy with no age or pet restrictions, and benefit from low HOA fees of only $51 a month. In addition to the clubhouse and heated pool, the irrigation system offers free service three times a week. This home is conveniently located just 15 minutes from Sebring, renowned for its motorsports, especially the Sebring International Raceway and the annual “12 Hours of Sebring” endurance race. Sebring also offers stunning natural beauty, including Highlands Hammock State Park and numerous lakes. Additionally, it’s only 53 miles to Orlando Airport, making travel easy and accessible. Explore this property with a 3D Interactive Virtual Tour or Virtual Reality, including a 3D Walk through video, 3D Dollhouse model, 2D Floor plan, and over 80 aerial, exterior, and interior photos.

Estimated
Seller's interest rate
3.59%
7%
Estimated
Monthly payment

$1,099
$1,305
You may also save up to $51,899 in total interest paid.

Learn about how it works

Why Roam


Gap financing to lower your down payment

Unlock down payments as low as 5% – only with Roam

5x the likelihood your offer is accepted

If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close

Close faster and stress-free

We close 2x faster because of our deep experience and lender relationships

Rates and payments are estimates based on public records.

Financials
Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $1,305 monthly payment

Financed
SIGNIN
Location
Use two fingers to move the map
Loan details
Loan type
VA
Rate
3.59%
Remaining term
21 yrs
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$1,099
Principal & interest
$603
Mortgage insurance
-
Property taxes
$158
Home insurance
$286
HOA fees
$51
Utilities
Not included

Source: Public records

Home details
Size
1,766 sqft
Lot size
0.32 acres
Year built
1998
Type
Single Family Residence
HOA dues
$51.00

Source: STELLAR #P4934047

Qualify

To qualify, you must meet the current FHA or VA 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%. 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.

FHA (Federal Housing Administration) loans

FHA loans require the buyer to assume the mortgage as a primary residence.

VA (Veteran's Affairs) loans

You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.

Investors

You may be able to assume a VA mortgage as an investor without it being your primary residence.

Resources
Frequently asked questions

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.

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.

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.

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 “Save search” 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.

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 620, 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.

View all FAQs
Last updated: May 09, 2025 07:19 pm
Listing agent: Jimmy Aguilar (863) 604-3662
Listing provided courtesy of: 3D TEAM REALTY LLC (863) 604-3662
Details provided by STELLAR and may not match the public record.
MLS ID: #P4934047
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2025 MLS GRID. All Rights Reserved.
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$1,099
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