551 MEADOW POINTE DR, Haines City, FL 33844
Welcome to your dream home in the heart of Haines City! This stunning two-story property boasts 2628 total square feet of pure luxury. As you step into the kitchen, you'll be immediately drawn to the stunning stainless steel appliances that gleam against the rich, dark cabinets. The current owners spared no expense in upgrading to luxurious stone counter tops throughout the kitchen, creating a modern look. The centerpiece of the kitchen is the large center island, perfect for gathering with family and friends in the open concept living, dining, and kitchen areas. This upgraded island is not only a beautiful focal point, but also a practical and functional space for meal prep, entertaining, and everyday living. This home features 3 bedroom, 2 bathrooms upstairs as well as a convenient 1/2 bathroom downstairs. A layout that is perfect for families of all sizes. The master bedroom is a true oasis, complete with a large walk-in closet, dual vanity sinks, separate shower, and private toilet room. The two additional bedrooms are equally impressive, with a conveniently located full bathroom nearby. Indoor laundry is a breeze with the included washer and dryer, while the loft area offers endless possibilities as a media room, office, or entertainment space. Step outside to the covered lanai and enjoy the privacy of a fully fenced backyard. This property is priced to sell, offering instant equity and a stress-free appraisal process. With only one owner, this home has been meticulously maintained and is practically brand new. The community amenities are second to none, with a clubhouse, resort-style pool, playground, dog park and soccer field area perfect for outdoor fun. All of this comes with a low HOA fee of just $100 annually. Don't let this incredible opportunity pass you by - schedule your private showing today and make this house your forever home!
You may be able to put down less than the total down payment amount of $143,079 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
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?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #t3548649