4046 DINNER LAKE WAY, Lake Wales, FL 33859
Spacious 4-Bedroom Home in Lake Wales with USDA Financing! If you're searching for a home with plenty of room to grow, look no further! This stunning 4-bedroom, 2-bathroom home in the heart of Lake Wales has wide open spaces and a welcoming atmosphere from the moment you walk in. High ceilings greet you upon entry, creating a grand and airy feel. The formal dining room is perfect for hosting large family gatherings, while the versatile flex space can be transformed into a home office or a chic wet bar. The inviting living room is ideal for Sunday football games, and the kitchen is designed for effortless entertaining. The split floor plan ensures privacy for everyone, featuring an expansive master suite with a generous closet and an en-suite bathroom complete with dual shower space and refined finishes. Each additional bedroom offers comfortable and adaptable living space to suit your changing needs. The home also includes a dedicated relaxation room and an indoor laundry room, enhancing the practical and functional layout. Enjoy Florida's beautiful climate year-round on the screened patio with a spa, perfect for hosting gatherings or unwinding in a serene setting. Attention to detail is evident throughout this home, combining durability and style with modern amenities that cater to a contemporary lifestyle. Conveniently located, this property is just a short drive from essential amenities like Publix, Lowe's, Bok Tower, medical facilities, Chain of Lakes, and more! Additionally, this home qualifies for USDA financing, offering an excellent opportunity for eligible buyers. This home in Lake Wales blends comfort, convenience, and quality. Whether you're settling in with family or seeking a peaceful retreat, this property is a place you'll love to call home. Don't miss out on this spectacular opportunity!
You may be able to put down less than the total down payment amount of $135,240 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: #t3547221