957 LAKESHORE DR, Polk City, FL 33868
One or more photo(s) has been virtually staged. Welcome to your serene lakeside oasis! Nestled on the picturesque Lakeshore Drive in Polk City, this stunning home offers the perfect blend of comfort, luxury, and tranquility. Boasting 4 bedrooms, 3 bathrooms, and a spacious 2-car garage, this residence is a testament to refined living. As you enter, you'll be greeted by an inviting ambiance that seamlessly blends modern elegance with warm charm. The expansive living area features ample natural light, accentuated by tasteful decor and high-quality finishes throughout. The gourmet kitchen is a chef's delight, equipped with stainless steel appliances, and ample cabinet space. Whether you're hosting a formal dinner party or enjoying a casual meal with loved ones, this culinary haven provides the ideal setting. Retreat to the luxurious primary suite, where comfort and relaxation await. Complete with an ensuite bathroom. The remaining bedrooms are generously sized and well- appointed, offering versatility for guests, family members, or a home office. Each bathroom is thoughtfully designed with modern fixtures and stylish accents, ensuring both functionality and aesthetic appeal. Step outside to discover your own private paradise. The expansive backyard is a haven for outdoor living, featuring a covered patio area perfect for al fresco dining or simply unwinding. Located in a desirable neighborhood, this home offers convenient access to a myriad of amenities, including shopping, dining, entertainment, and outdoor recreation options. With easy access to major highways, commuting to nearby cities is a breeze. Don't miss this opportunity to experience lakeside living at its finest. Schedule your showing today and start envisioning the lifestyle you deserve at 957 Lakeshore Dr.
You may be able to put down less than the total down payment amount of $0 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: #t3515225