3837 Litchfield Loop, Lake Wales, FL 33859
3 beds · 2 baths · 1,792 sqft sqft
Built in 2016, this certified “Green Home” is one of the last RV homes built in Lake Ashton and it has a 4-year old solar system to minimize utility expenses! The 3-bedroom, 2-bath, open concept floor plan with attached 49’ RV garage makes this a great home base for your travel adventures! The property has excellent curb appeal with concrete edging around all landscape plantings. The front door features a screened entry. The kitchen has Cambria solid surface counters and custom, solid wood birch cabinets with 42” uppers and an island with electrical service. Upgraded stainless appliances. There is a large pantry adjacent to the laundry room and the laundry room has a large utility sink. The living room/dining room features an engineered hardwood floor. A salt-free water purification system services the entire house. The air conditioning system was PROFESSIONALLY BALANCED to deliver air for whole-house temperature uniformity. The master bathroom features dual vanities, one with a makeup station, and a large, custom tiled walk-in shower. Both baths have banks of drawers, handicap toilets and granite counters. The home has multiple pocket doors for privacy and enhanced décor options. The 10’ wide veranda has been extended with a 15’ birdcage and features a paver floor. A beautiful island of Roebelenii palms and other plantings provides additional privacy at the back of the house. The master bedroom and front bedroom windows have privacy solar film. The property backs up to a large pond, providing great separation from the back neighbors. The garage has custom flooring and a large (8’ x 16’) workroom located at the back of the RV side of the garage. Some of the furniture and home furnishings are available for purchase outside of a real estate contract. Lake Ashton is home to the LA Travelers, the largest chapter of the FMCA in the southeastern US. If you are seeking a beautiful home with an RV garage, this very amazing property in central Florida’s finest active-adult community is a definite “must see.” Schedule your personal showing today.
Source: STELLAR #p4931924
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #p4931924
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: #p4931924
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.