6163 Forest Ridge Way, Winter Haven, FL 33881
6 beds · 3 baths · 2,696 sqft sqft
Step into the relaxed comfort of this spacious 6 Bedroom 3 Full Baths Corner Lot Home, nestled within the tight knit community of Forest Ridge in Winter Haven. Every inch of this property exudes comfort and relaxation. You’ll be welcomed to your corner lot balcony. As you enter you’ll see the formal dinning area. The first floor boasts an open- plan family room, kitchen and dining area, seamlessly connected by sliding patio doors that flood the space with natural light. The convenience of a secondary bedroom on this floor is welcoming for guests or can be used as a home office. Ascend to the second floor, where the expansive primary suite awaits in addition to a collection of well appointed secondary bedrooms and laundry room. Outside, indulge in the over-sized patio, for your ultimate relaxation and enjoyment. This property is perfect for those seeking an expansive vacation home and/or investment opportunity. This property is located at just minutes from Lego Land, the magic of Disney World, along with all the convenient shopping and dinning of the area, making this home an ideal retreat for those seeking both convenience and indulgence. Ask about Solar Panel options. Schedule your visit today!
Source: STELLAR #s5095930
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #s5095930
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: #s5095930
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.