6556 Red Grange Blvd, Indian Lake Estates, FL 33855
3 beds · 3 baths · 1,684 sqft
Don't miss this opportunity! Come see this 3 bedroom 2 and 1/2 bath home located in the lake and golf community of Indian Lake Estates. This home is situate on an oversized half-acre lot with good roads and quick access to the community clubhouse and post office. The split bedroom floor plan provides formal and informal living spaces and a galley-style kitchen with granite countertops. One of the secondary bedrooms has a private half bath en suite that is perfect for guests. All of the bedrooms have walk-in closets. This home has great potential! When you are not enjoying this charming home, Lake Walk In Water is just a short drive away where you can enjoy boating and fishing and magnificent sunsets while sitting on the longest freshwater pier in Florida! Located about 20 miles east of Lake Wales, the community surrounds the 7,500 acre lake locally known as Lake Walk In Water, considered to be one of the best fishing lakes in Florida and the largest lake in Polk County. The community has a beach, boat ramp, boat marina and pavilion. The pavilion comes complete with propane grills & covered picnic tables. Amenities include an 18 and 9-hole golf course, basketball & tennis courts, playground, 23,000 sq.ft. clubhouse, cafe, post office, churches, library, fitness room and pro shop. If you love nature and the peace and quiet of the country, you're in luck. Deer, raccoon, turkey, turtles, eagles, cranes and various species of birds abound! Orlando & Disney is about an hour's drive north and Tampa, Busch Gardens and the Gulf's pristine beaches a little over an hour west. Historic Bok Tower, a National Landmark, is in nearby Lake Wales & the Westgate River Ranch Resort and Rodeo is just six miles away, an authentic Florida dude ranch and full-service resort offering guests the opportunity to experience "Old Florida." Make your appointment today to see this exceptional home and see how great life can be at Indian Lake Estates! Polk County's best kept secret!
Source: STELLAR #tb8306996
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8306996
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: #tb8306996
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