821 Sun Burst Rd, Winter Haven, FL 33880
5 beds · 3 baths · 2,601 sqft sqft
SELLER OFFERING $3,000 TO USE FOR CLOSING COSTS!! ASSUMABLE MORTGAGE AVAILABLE 5.75% INTEREST RATE. This modern 5 bedroom, 3 bathroom home, just two years old, is perfect for those seeking both comfort and functionality. Located in a peaceful cul-de-sac, the home features an inviting open floor plan that seamlessly connects the living room, kitchen and dining area. The kitchen is spacious, offering ample counter space and cabinetry for the home chef. A cozy Den on the main floor can easily be transformed into a home office or a formal dining room to suit your lifestyle needs. The first floor also included a guest bedroom with a full bathroom, providing a private space for visitors or extended family. Upstairs, the home opens into a versatile loft area, ideal for a game room, playroom, or even a secondary family living space. The loft comes with its own closet for added storage. The Master Suite is a true retreat, featuring a large walk-in closet and a master bathroom with a double vanity, perfect for unwinding after a long day. Additional features include tile flooring in wet area like the bathrooms and foyer for easy maintenance, a convenient second0-floor laundry room, and a two-car garage with extra storage space. The expansive backyard is ideal for entertaining friends and family, with plenty of room for outdoor activities and barbecues. This home’s location is unbeatable, with popular attractions such as Legoland, Legoland Water Park, and Peppa Pig Theme park all within 15-minute drive. Nearby shopping plazas, grocery stores, and restaurants add to the convenience, making this home a perfect blend of modern living and prime location.
Source: STELLAR #o6239172
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6239172
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: #o6239172
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.