925 First Dr, Eagle Lake, FL 33839
4 beds · 2 baths · 1,627 sqft
FOR SALE - 4 Bedroom/2 Bath Single Family Home with Samsung stainless steel kitchen appliances included. The kitchen features espresso cabinets, a cooking island, and a walk-in pantry. The primary bedroom has a walk-in closet and a large bathroom with double vanities. The home comes with energy-efficient windows and custom-fit window blinds. The screened-in lanai is ideal for enjoying the outdoors and having cookouts in the fenced backyard. There's also plenty of room for an inground pool in the backyard. The roof has architectural shingles. The home comes with an irrigation system, an in-wall pest control system, a water softening system, and a security system. The garage floor was painted with epoxy for a clean, well-maintained look and comes with a 5-tier free-standing adjustable shelf set (72"x42"x24"). Eagle Lake has boat ramps open to the public along with a pavilion, a beach area, and a playground. It is centrally located next to the County Seat which is Bartow and has easy access to the Polk Polkway to travel West to Tampa or East to Orlando. Come see this home today!
Source: STELLAR #L4951379
Financials
Source: STELLAR #L4951379
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.