4340 Dinner Lake Dr, Lake Wales, FL 33859
4 beds · 2 baths · 1,715 sqft
Under contract-accepting backup offers. Welcome to this wonderful 4-bedroom, 2-bath pool home, perfectly situated on a premium lot in the desirable gated community of Dinner Lake Shores. Designed with entertaining in mind, this open-concept floor plan offers seamless indoor-outdoor living. The spacious living room features vaulted ceilings and hidden pocket sliding glass doors that open to a screened-in patio overlooking the pool and a serene pond. The kitchen is a chef’s delight, complete with white cabinetry, tile flooring, recessed lighting, and a closet pantry. Enjoy extra seating at the breakfast bar and breakfast nook, where you’ll be treated to lovely pond views. A convenient pass-through window from the kitchen to the patio makes hosting gatherings a breeze. The interior has been freshly painted, and new luxury vinyl plank flooring flows through the main living spaces, adding a modern touch. The primary bedroom suite offers a walk-in closet and an upgraded ceiling fan. The primary bathroom is a true retreat, featuring a therapeutic walk-in jet spa tub, dual vanity areas, a tiled shower, a comfort-height toilet, and a private water closet. The outdoor space is equally inviting, with a large screened lanai and pool offering panoramic views of the backyard, perfect for relaxation and unwinding. Additional features of this lovely home include a laundry room with washer and dryer, an architectural shingle roof installed in 2019, a money-saving solar system, a fenced backyard with no rear neighbors, a stone façade, upgraded light fixtures throughout, a remodeled guest bathroom, a 21 SEER AC unit with Nu-Calgon air ionization system, a Ring doorbell with a camera, a new front door, and a spacious 3-car garage with a door opener. Conveniently located near shopping, restaurants, schools, and LEGOLAND, this home offers the perfect blend of comfort, style, and convenience. SOLAR LEASE WITH SOLAR DEVELOPER LLC, TO BE TRANSFERED TO BUYER. CURRENT MONTHLY PAYMENT $203.00
Source: STELLAR #p4932486
Source: STELLAR #p4932486
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: #p4932486
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.