1020 Silas St Haines City, FL 33844
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About this home
Welcome to 1020 Silas Street, located in Gracelyn Grove, a charming community in Haines City, Florida. This 3-bedroom, 2-bathroom home offers the perfect blend of comfort, convenience, and style, all nestled in a serene suburban neighborhood with low HOA fees and no CDD. Step inside to discover a bright and open floorplan with vaulted ceilings that enhance the spacious feel throughout. The split-bedroom layout offers privacy and functionality, with the primary suite located at the back of the home, featuring a double vanity, stand-alone shower, and generous space to relax. The two guest bedrooms are positioned at the front of the home with a full guest bath featuring a tub/shower combo. Additional highlights include an inside laundry room and a single rear door leading to a covered lanai and backyard—perfect for outdoor enjoyment. Gracelyn Grove offers residents a peaceful lifestyle with convenient access to major attractions. Ideally situated off US-27 with quick access to I-4, you’re just minutes from Central Florida’s top destinations including Legoland and Bok Tower Gardens. Everyday conveniences are nearby, with Publix only 8 minutes away and a variety of dining and shopping options at Posner Park, just a short 20-minute drive. Don't miss your opportunity to live in one of Haines City’s most desirable communities—1020 Silas Street is ready to welcome you home!
Source: STELLAR #O6334254
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FAQs
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.
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.
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.
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.
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 “Save search” 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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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