4034 Dinner Lake Way, Lake Wales, FL 33859
3 beds · 2 baths · 1,804 sqft
Welcome to this charming home, built in 2020, located in a highly desirable gated community with two convenient entrances and exits. This well-maintained property offers 3 spacious bedrooms, 2 bathrooms, and a versatile den/study that could easily be converted into a 4th bedroom or office, providing plenty of room for your lifestyle needs. The master bedroom is perfectly situated apart from the other bedrooms, ensuring privacy, and features a large walk-in closet and an en-suite bathroom with dual vanity sinks and a walk-in shower. The additional bedrooms are also generously sized and each room is equipped with a ceiling fan for added comfort. The open-concept design of the great room, dining room, kitchen, and nook boasts vaulted ceilings, creating a bright and airy atmosphere. The kitchen is perfect for entertaining, offering plenty of counter space for guests or family to gather. You’ll love the convenience of an indoor laundry room and a 2-car garage with an extra-wide driveway, extended by 2 feet for added parking space. Step outside to the screened-in patio, added just two years ago, which overlooks the above-ground pool – a great spot to unwind and enjoy the outdoors. This home is equipped with 22 solar panels, fully paid off at closing, offering you extremely low monthly electric bills averaging only $45. With super low property taxes, this is an excellent opportunity to save on living costs while enjoying all the amenities the community offers, including a playground. The location is ideal, just under 10 minutes away from Regal Eagle Ridge Mall, Home Depot, Publix, Kohl's, Chili's, Planet Fitness, and a variety of nearby attractions including Bok Tower Gardens, Peppa Pig Theme Park, and Legoland. Don’t miss out on this move-in ready, 2020-built home with fantastic features and an unbeatable location!
Source: STELLAR #o6262771
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6262771
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: #o6262771
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.