420 Lanham Dr, Winter Haven, FL 33881
3 beds · 2 baths · 2,225 sqft
Welcome to your perfect home in Winter Haven, Florida! This charming 3-bedroom, 2-bathroom home is perfectly positioned between Orlando and Tampa, offering easy access to all the attractions, entertainment, and conveniences both cities provide. This move-in-ready gem boasts fresh paint, clean floors, and cozy carpeted spaces, making it feel like home the moment you step inside. The living room is bathed in natural light, with a tinted screen door leading to the backyard—a true retreat. The kitchen is bright and inviting while the separate dining room provides a cozy space. The primary bedroom and two additional rooms provide comfort and flexibility, while the two-car garage features mechanical access with a key and an additional utility closet for extra storage. The fenced-in backyard is a dream come true, offering privacy and plenty of space to play, garden, or simply relax. Step out through the back screen door onto the screened-in porch, or take advantage of the concrete slab, ideal for patio furniture and grilling under the Florida sun. Surrounded by lush greenery and a thoughtfully landscaped yard, this home is your own slice of paradise. Whether you’re looking to settle in Florida or invest in a home that truly feels like an escape, this property delivers on all fronts. Don’t miss this opportunity to make Winter Haven your new haven!
Source: STELLAR #p4933133
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #p4933133
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: #p4933133
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.