569 THORNBURG RD, Babson Park, FL 33827
Nestled in the highly sought-after Babson Park, this exquisite lakefront property offers an unparalleled blend of luxury and natural beauty. With 4 bedrooms, 2 baths, and a bright, airy atmosphere, this home is the epitome of comfortable, modern living. Expansive windows flood the space with natural light, highlighting the open-concept kitchen and living area adorned with elegant wood-style flooring. The gourmet kitchen, equipped with modern appliances, flows seamlessly into the living space, making it perfect for both casual family living and sophisticated entertaining. Step outside to your private oasis, where breathtaking lake views greet you from your own sandy beach, dock, and boathouse, offering endless opportunities for water activities and relaxation. This exceptional property backs up to two stunning bodies of water: Crooked Lake just beyond your backyard, and an additional plot of land across the street that provides access to a peaceful canal—ideal for boating enthusiasts and nature lovers alike. The sleek, contemporary bathroom with a walk-in shower invites a spa-like experience, while the charming Florida room provides a cozy, all-season retreat. Outside, the property boasts a well-manicured lawn, a towering shade tree, and a private vinyl fence, creating a serene and inviting atmosphere for outdoor gatherings or quiet moments of reflection. This is lakefront living at its finest, with every detail carefully designed to enhance both beauty and comfort.
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: #p4931983