434 Panaro Ln, Haines City, FL 33844
4 beds · 2 baths · 1,820 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Move-In Ready Home in Magnolia Park! Built in 2022, this stunning 4-bedroom, 2-bath home offers all the modern features of new construction with plenty of space for entertaining. The open-concept great room and kitchen boast a vaulted ceiling, a breakfast bar, and seamless flow into the formal dining room. The master suite features a private bath and direct access to the covered lanai, perfect for relaxing outdoors. This home also boasts a whole-house water treatment system, plus an additional purified water system at the sink for drinking water. Energy-efficient features are incorporated throughout for modern comfort and savings. Located in the desirable Magnolia Park community, residents enjoy access to a community pool and a prime location just off US 17 (Scenic Hwy) and Hwy 27. Plus, you’re only minutes from Lake Eva Park and Event Center. Don’t miss this incredible opportunity—schedule your showing today!
Source: STELLAR #S5118856
Source: STELLAR #S5118856
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 620, 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.
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.
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.
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.
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 “Save search” 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.