4173 ORCHID BLVD, Lake Wales, FL 33898
Welcome to a pristine gem nestled in the golf cart friendly retirement community of Nature's Edge, designed for the active 55+ lifestyle in sunny Lake Wales. This elegant three bedroom, two bath house is the epitome of comfortable retirement living. Upon arrival, you'll be greeted by a charming enclosed front porch that sets the stage for relaxation. Step inside to discover an open and airy floor plan, complemented by crown molding and sleek wood laminate floors that extend throughout the living and dining area, seamlessly flowing into a beautifully appointed kitchen. The gourmet kitchen boasts floor-to-ceiling cabinets, tile backsplash, stainless steel appliances, and convenient bar top seating—perfect for entertaining or casual dining. Retire to the primary bedroom, a serene retreat offering a walk-in closet, a vanity with generous counter space and cabinet storage, and a luxurious glass door shower with floor-to-ceiling tile. The second bedroom provides easy access to the hallway bath, while the third bedroom features built-in cabinets and counters, along with private access to the enclosed patio—an ideal spot for crafting or hobbies. Outside, the spacious backyard invites you to enjoy Florida's idyllic weather. The backyard also offers a shed, perfect for gardening supplies or additional storage space. This vibrant community's amenities include a clubhouse, swimming pool, dog park, horseshoe pit, and shuffleboard courts, as well as monthly activities and social functions—all with the benefit of low HOA fees. Spend the weekends fishing and boating on Lake Pierce, stroll through the park and witness the majestic singing tower at Bok Tower Gardens, and enjoy quick convenience to nearby shops, restaurants and groceries. Embrace the lifestyle you deserve at Nature's Edge. View the 3D tour and schedule your showing today!
You may be able to put down less than the total down payment amount of $63,813 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: #o6237466