4850 St James Ct, Winter Haven, FL 33881
3 beds · 2 baths · 1,675 sqft
Price Improvement! $7,000 BUYER CONCESSIONS! Welcome to your charming new home in the cozy St. James Crossing community with NO CDD and LOW HOA! St. James Crossing is known for its quiet atmosphere and friendly neighbors, making it a wonderful place to call home. This beautiful 3-bedroom, 2-bathroom residence built in 2018 offers 1,675 square feet of modern living space. Enjoy the convenience of being near Winter Haven Airport, with easy access to US27 and I-4, perfect for commuters. Step inside to discover a spacious open floor plan, ideal for family gatherings and entertaining. The kitchen features elegant granite countertops and luxury laminate flooring, creating a stylish and functional space. The primary bedroom is a retreat with a large walk-in closet and a private en-suite bathroom for added comfort and privacy. This home also has an in-wall pest control system. The home is situated in close proximity to local shopping centers ensures convenience for everyday needs. Don't miss out on this opportunity to own a modern home in a desirable community! Seller is offering $7K BUYER CONCESSIONS. Contact us today to schedule your private tour.
Source: STELLAR #p4931386
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #p4931386
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: #p4931386
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.