8581 Rindge Rd, Polk City, FL 33868
3 beds · 2 baths · 1,704 sqft
Short Sale. 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.
Source: STELLAR #s5095443
Source: STELLAR #s5095443
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: #s5095443
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.