839 Sun Burst Rd, Winter Haven, FL 33880
5 beds · 3 baths · 2,616 sqft
(POLK COUNTY $7,500 BOND CAN BE USED FOR DOWNPAYMENT) PRIME LOCATION - Home is just minutes from LEGOLAND and Peppa Pig Theme Park, this modern 5 bedroom, 3 bathroom home, built in 2022, offers the perfect balance of modern comfort and functionality. Step nside to find a thoughtfully designed open floor plan that effortlessly connects the living room, kitchen, and dining area ideal for both everyday living and entertaining. The upgraded laminate flooring on the first floor adds warmth and style to the space. The spacious kitchen is a dream for any home chef, with ample counter space, plenty of cabinetry and a layout that makes meal prep a breeze. A cozy den on the main floor offers endless flexibility, whether you need a home office, a playroom or a formal dining area. The main floor also features a guest bedroom and full bathroom, providing a private, convenient space for visitors or extended family. Upstairs, the home opens into a versatile LOFT area, perfect for a game room, playroon or secondary family space. This loft also includes a closet for additional storage. The luxurious master suite is a peaceful retreat, complete with a WALK-IN CLOSET + an extra small closet space, and a spa-like-en-suite bathroom feauturing double vanities. HIGHLIGHTS: TILE flooring in wet areas, a second floor laundy room for ultimate convenience, a TWO CAR GARAGE with plenty if extra storage space, an expansive FENCED BACKYARD, perfect for entertaining, outdoor fun, relaxing or garden space. This home is located in a highly desirable area, nearby shopping plazas, grocery stores, and restaurants make everyday errands quick and easy. LOW HOA. SAVE ELECTRICITY WITH ADDED SOLAR PANELS ON ROOF.
Source: STELLAR #O6265439
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #O6265439
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “Save search” 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 620, 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.
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