1 of 39
$275,000

535 Waterford Dr, Haines City, FL 33844

2 beds · 2 baths · 1,458 sqft sqft

Discover your perfect home in the vibrant 55+ community of Lake Henry Estates! This beautifully updated 2 bedroom, 2 bathroom residence with a den features a new roof (June 2023), luxury waterproof vinyl flooring and Argon windows (2024) with a lifetime transferable warranty, filling the space with natural light. The heart of the home boasts stunning granite countertops, upgraded cabinetry with soft-close cabinets, and stainless steel appliances, complemented by a cozy coffee bar. Enjoy the spacious primary bedroom, complete with an ensuite bathroom for your convenience and privacy. Recent enhancements include multiple new light fixtures, large gutters (June 2023), and whole-house surge protection for added peace of mind. Step outside from the den to your inviting outdoor patio, perfect for relaxing or entertaining. Enjoy the benefits of an owned water softener (2022) and a resurfaced driveway (2023). The electric garage screen (2021) allows you to enjoy fresh air without pesky bugs. Enjoy the classic appeal of Lake Henry from a residence that's been cared for with devotion, embodying the true essence of lakeside living. The amazing lakeside, gated community offers a 9-hole golf course, swimming, boating, tennis, 2 pickle ball courts, horseshoes, shuffleboard, card tournaments, library, pool room, craft room, exercise room, pub with bar, karaoke and more. Multiple grocery stores including Publix, Winn-Dixie and Walmart are located within 2 miles along with plenty of shopping and restaurants nearby. If you're looking for a worry free, Florida retreat, then look no further. Definitely a Hidden Jewel of Polk County. Experience the best of 55+ living at this exceptional property. Schedule your showing today!

Interest rate 3
3.55%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,051
With Roam
$1,509
Reduce your monthly payments by $458 when you assume this mortgage.
You also save $149,775 in total interest paid.

$54,858
Edit

You may be able to put down less than the total down payment amount of $54,858 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
Location
Details
Home
Size
1,458 sqft
Lot size
0.1 acres
Year built
1990
Type
Single Family Residence

Source: STELLAR #o6241345

Loan
Remaining term
27 years, 3 months
Rate
3.55%
Monthly P&I
$1,051
Remaining loan balance
$220,141

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

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.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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?

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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?

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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?

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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?

expand content

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.

View all FAQs
Last updated: Nov 09, 2024 10:16 am
Listing agent: Claudia Centesimo (407) 383-8882
Listing provided courtesy of: LIONHEART BROKERS (321) 214-4640
Details provided by STELLAR and may not match the public record.
MLS ID: #o6241345
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2024 MLS GRID. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 45 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,051/mo
View details