329 Hamilton Shores Dr NE, Winter Haven, FL 33881
5 beds · 4 baths · 3,161 sqft
This beautiful home overlooks Lake Hamilton being the largest lake on a chain of three, Lake Hamilton, Middle Lake Hamilton, and Little Lake Hamilton in Winter Haven Florida making Hamilton Pointe a sought out community. The 2 story home presents with a circular drive way leading to the double front door entrance. Upon entering 3161 Square feet of living area, high ceilings with crown molding, 5 bedrooms, 3 bathrooms, and a stunning view of the lake. The foyer has marble tile with the dominant flooring down stairs being wood. On the left the formal dining room is currently being used as an office and on the right side of the foyer is the formal living room. The family room offers welcoming view of the lake which flows into the bonus room. The kitchen has granite countertops, pantry, breakfast bar along with a large dinette with a view of the lake. The Laundry room is on the first floor. The large primary bedroom faces the lake includes a master bath with a garden tub, shower, dual sinks, and a spacious walk in closet. On the second floor there are 3 bedrooms and one bathroom. The side drive way leads to the large attached garage. Inground Irrigation. There is an attached screened lanai with a lake view to enjoy the sunrise. Winter Haven is also known as " The Chain of Lakes City" comprised of 19 interconnected lakes. Great for boating, skiing, and fishing. Winter Haven is conveniently located between Orlando, Tampa, and a growing airport in Lakeland. Legoland is 20 minutes away and Disney World is approximately 45 minutes away. For the Arts, Winter haven has Theatre Winter Haven offering plays and music. Historic Ritz Theatre is now Ritz Reimagined offering bands performing music of the past. Great restaurants and shopping. All room measurements are approximate and should be verified by the buyer.
Source: STELLAR #P4934289
Send questions to support@withroam.com
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.
Source: Public records
Source: STELLAR #P4934289
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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.
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 “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.
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 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.