8581 RINDGE RD, Polk City, FL 33868
USDA Financing Eligible! $0 Down Payment!! Move In Ready....This beautiful property has a split floor plan, with a wide-open gathering room featuring beautiful ceramic flooring and strategically placed outlets, the room can be made into the entertainment center of your dreams. There is plenty of space for a sectional. The living area flows right into the kitchen, which comes with an island, beautiful wood cabinetry, along with stainless steel appliances, granite counters. The dining room features a sliding glass door leading to the cozy outside sitting area and backyard, perfect for intimate gatherings with a pond view. A king size bed could be easily accommodated in the spacious carpeted master bedroom. The master bath comes complete with a walk-in closet and cabinetry, a linen closet, a stand-up shower, and a dual sinks. The additional bedrooms are also carpeted and feature walk in closets. The home also comes equipped with an over-sized indoor utility room that provides plenty of laundry space and storage. In addition to its location in one of the up and coming neighborhoods in town, this house has close proximity to four local public and charter schools. The grassy lot allows plenty of space for pets and the little ones to run around. This home has attractive features and leaves room for customization. Make it yours today! Motivated owners easy to show.
You may be able to put down less than the total down payment amount of $126,476 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: #s5095443
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.