8710 Hinsdale Heights Dr, Polk City, FL 33868
4 beds · 3 baths · 2,669 sqft
Motivated Sellers! NO FLOOD ZONE. Just 15 minutes to many shopping and entertainment options. This stunning 2,660 sq. ft. house features four bedrooms, two and a half bathrooms, a POOL, and a fenced in back yard in a quiet neighborhood. Upon entering the home, you’ll notice the entire floor is laid with luxury vinyl planks. To the left is a spacious area that can accommodate a large dining table for eight, but it offers endless possibilities. Currently, this area is set up as a bar and recreation room. The kitchen is large and spacious, adorned with tall cabinets, stainless steel appliances, and granite countertops. At the center of the kitchen is a beautiful island that measures just over 9 feet long. The first floor living room is quite spacious, and beyond it is a flex room that can serve as an in-home office, den, or whatever you need. A conveniently placed half-bath is also located on the first floor. Moving to the outdoor space, you’ll find an in-ground saltwater pool with a new variable speed pool pump and chlorinator, professionally installed in fall 2023. The pool, which ranges in depth from 4 to 6 feet, is heated by fully paid-for solar panels, also installed in fall 2023. The pool area features a large deck with pebble stone flooring and is enclosed with a screen that leads to the fenced backyard. Professionally installed generator transfer switch in 2023. The backyard is beautifully landscaped with banana trees and crepe myrtles. Upstairs, you will find a second living area large enough to meet any needs. The second-floor laundry room, featuring a beautiful barn door, includes multiple shelves for storage. Down the hallway are all four bedrooms, each with a spacious closet and shelving. This hallway also includes a full bathroom with a shower-tub combination. The primary bedroom is the highlight of the second floor, with two windows overlooking the backyard and pool. The primary bathroom is equally impressive, featuring a double vanity, large shower, and a spacious closet. Throughout the house, matching doors add a cohesive touch to the small details. The neighborhood is conveniently located near major roadways and highways, providing easy access to Disney and Orlando attractions to the east, and Tampa and the beach to the west. With a great atmosphere and pristine condition, this house is sure to check all your boxes for a forever home. Enjoy the amenities of Lakeland without living in the city! Berkley Charter School is an option on the lottery system. 3 additional private schools within 15 minutes to include Victory Christian Academy, CES Academy of Lakeland, and Excel Christian Academy.
Source: STELLAR #TB8338701
Financials
Source: STELLAR #TB8338701
Source: Public records
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%. 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.
Other resourcesWhat 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.
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