629 Honey Bell Rd, Winter Haven, FL 33880
4 beds · 2 baths · 1,851 sqft
ASSUMABLE FHA LOAN AT 3.75%! CALL FOR DETAILS! You are certain to appreciate the nice pond view at this home that offers a favorite design, of open floor design and split bedrooms. It has 4 bedrooms and 2 full baths with a spacious great room for living area and dining conveniently connecting to the kitchen. At the dining area are sliding glass doors opening onto the covered lanai, a great location for grilling and to enjoy the view across the water. The kitchen is outfitted with stainless appliances, walk-in pantry and a large island with counter-height bar that provides additional seating when entertaining or having a casual meal. Neutral tones of walls and flooring, along with arched passageways throughout give the home a tranquil environment. Tile flooring is in place in the wet areas while comfortable carpeting covers the living/dining and bedrooms. The private master suite has pond view, large walk-in closet and a nice sized bathroom with dual sink vanity. The additional bedrooms are split from the master with generous closet space, and they share the second full bathroom. This convenient location is close to parks, sports fields, shopping, and schools. Squires Grove is a short distance to Winter Haven, Lakeland and less than 1 hour to Orlando and Tampa. This is a Must-See 4- bedroom home that won’t last long, call today to schedule a viewing!
Source: STELLAR #p4929575
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #p4929575
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: #p4929575
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.