109 Rebecca Dr NE Winter Haven, FL 33881
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About this home
NEW PRICE ADJUSTMENT ALSO COMES WITH FREE SOLAR PANELS!!! SELLERS WILL PAY THE FULL BALANCE OF PANELS AT CLOSING FOR THE NEW BUYERS. Welcome to this well-maintained home located in an established neighborhood with NO HOA. This is a split bedroom home with three bedrooms and two full baths. This home has a great room with a cathedral ceiling and a separate family room. The family room has a mini split system that was purchased in 2024.The kitchen was totally remodeled in 2024 with white cabinets, butcher block countertops and all stainless steel appliances that will remain. The 2024 stove and the 2025 hot water heater are run with natural gas. The master bathroom was just totally redone and has never been used. The whole house air-conditioner was replaced in 2019. There is a separate inside utility room in the home. The remaining two bedrooms on the other side of the home share a bath with a walk-in shower. The two-car garage is amply sized with a garage door opener. The fenced back yard has a nice-sized concrete slab that is great for grilling and relaxing with friends. The roof was replaced in 2022. An over-sized exhaust fan has been installed in the attic that automatically comes on when the temperature reaches 76 degrees--keeping the attic cooler and the residence more comfortable. FHA ASSUMABLE MORTGAGE @ 5.625% INTEREST RATE. ELECTRIC BILLS AVERAGE 15.00-20.00 PER MONTH.
Source: STELLAR #P4935927
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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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