7611 RED GRANGE BLVD, Indian Lake Estates, FL 33855
Why wait to build? This better than new home is located in the golf and lake community of Indian Lake Estates. Polk County's best kept secret! This 3 bedroom 2 bath beauty has all the bells and whistles and is located on a half-acre lot within walking distance of the community clubhouse and golf course! The floor plan provides split bedrooms, open living spaces, front and rear porches and 2-car garage. The kitchen is open to the great room making entertaining friends and family convenient and day-to-day living comfortable. The cook in the family will love the granite counter tops, stainless steel appliances, large walk-in pantry, island with sink and lots of cabinetry with soft-close drawers. The dining area is located at the end of the kitchen and has a nice view of the back yard. The master bedroom is a true retreat with a tray ceiling, large shower with frameless glass shower enclosure, double-sink vanity, walk-in closet and separate lien closet. The laundry room is conveniently located just off the master bedroom and kitchen. On the other side of the home are two nice-sized guest bedrooms and guest bath. Other features of this outstanding home include gorgeous wood-look ceramic flooring throughout, granite counter tops in the laundry room and bathrooms; low-E windows; Hunter ceiling fans in the bedrooms and great room; 10 ft. ceilings that creates volume space; 5 1/4" Colonial baseboards, recessed lighting; between the glass blinds in the front door and patio door; 8-ft interior doors where visible in living area; charging station in kitchen; knockdown texture throughout including the garage and outside security/flood lights on all corners of the home. When you are not enjoying this beautiful home, Lake Walk In Water is just a 10-minute 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 and covered picnic tables. Amenities include an 18 and 9-hole golf course, basketball and 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 and 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!
You may be able to put down less than the total down payment amount of $100,023 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #t3543659
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.