5866 Breakwater Dr, Winter Haven, FL 33884
3 beds · 2 baths · 1,842 sqft sqft
Welcome home! This wonderful 3 bedroom 2 bath waterfront pool home is located in the popular community of Highland Harbor. As you pull up to home you’ll immediately notice the NEW exterior paint and the roof is only a year old. Step inside and you’ll find more fresh paint plus a wonderful view out the sliders to the sparkling pool and lake beyond. Be sure and bring your fishing pole because this home has its own dock on the lake! The spacious living room features tall ceilings and there’s a formal dining room and a breakfast nook that looks out on the pool area. You’ll find NEWLY refaced cabinets in the kitchen that are topped with NEW quartz countertops. There’s also all stainless steel appliances. The primary bedroom has an ensuite bathroom and a walk in closet. Besides the other 2 bedrooms and a full hall bathroom this home boasts a den and an indoor laundry room. Escape to the screen enclosed pool area where you can bask in the sun or relax in the soothing hot tub. This home is located less than 10 minutes from Legoland or Highway 27. Don’t miss your opportunity to own this lovely home – make an appointment to see it today!
Source: STELLAR #t3527987
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #t3527987
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: #t3527987
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.