4496 Strathmore Dr, Lake Wales, FL 33859
3 beds · 2 baths · 2,312 sqft
Located in Lake Ashton, this home combines practicality with luxury, offering a serene retreat in a community rich with activities and social opportunities. Imagine stepping into a charming 3-bedroom, 2-bath home perfectly situated on a corner lot. As you enter, you’re greeted by the open floorplan, accentuated by exquisite crown molding, which makes it ideal for both relaxation and entertaining guests. Elegant granite counter tops adorn the well-appointed kitchen with newer stainless-steel appliances and the Energy Star Maytag washer and dryer stay with the home, too. The triple split bedrooms set up allows for owners and guests to enjoy separate spaces. French doors lead into the owners' suite. With separate vanities and sinks, as well as a stand-up shower and separate walk-in tub, the ensuite provides owners a lovely sanctuary. The screened front porch invites you to unwind in the fresh air, while the enclosed back porch offers a private retreat. Peace of mind is ensured with the protection of hurricane shutters and a whole house generator. A spacious 2-car garage, complete with an electric roll down screen and an additional dedicated golf cart garage, comes with the home, and yes, the golf cart stays- ready for you to explore the community and its amenities. 2020- NEW ROOF. 2024- EXTERIOR PAINT. Speaking of amenities, Lake Ashton is a vibrant, gated, 55+ golf community boasting 2 pools (one indoors), a state-of-the-art fitness center, restaurant, tennis courts, and bowling and many more offerings. Whether enjoying a round of golf or taking part in community events, there’s always something to do. With this home, it’s more than a house, it’s a lifestyle choice where every detail enhances your daily living experience. Convenient to shopping, restaurants, LEGOLAND, and both Tampa and Orlando international airports and area attractions.
Source: STELLAR #p4931367
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #p4931367
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: #p4931367
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.