752 Hunt Dr, Lake Wales, FL 33853
3 beds · 2 baths · 1,388 sqft
Welcome to 752 Hunt Drive nestled in the serene Rolling Oak Ridge community. As you step inside, the grandeur of high ceilings and an open floor plan unfolds before you, complemented by a split bedroom design. The interiors are adorned with luxury vinyl flooring and fresh paint, leading you through a spacious great room and into a formal dining space, all crowned with an impressive cathedral ceiling. The heart of the home, the kitchen, offers new appliances and presents a breakfast bar that promises to make both daily meals and festive gatherings a delight. Retreat to the master suite, a sanctuary of style and comfort, boasting a generous walk-in closet and an exquisite walk-in shower complete with a full bench. On the other side of the residence, two additional bedrooms offer sanctuary and storage, sharing a well-appointed guest bathroom. Enjoy the outdoors with the screened in rear patio and fenced in backyard with a shed for storage. This home's coveted location affords minimal HOA fees and places you at the heart of convenience, surrounded by parks, shopping centers, educational institutions, and healthcare services. With easy access to major highways, your commute is as effortless as it is short. Embrace this chance to inhabit a home that epitomizes both convenience and practicality!
Source: STELLAR #P4932086
Financials
Source: STELLAR #P4932086
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.