222 5th St SW # Jpv Unit JPV Winter Haven, FL 33880
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About this home
LOTS OF CURB APPEAL - NO HOA - A 10 X 20 WORKSHOP - ELECTRIC BILLS UNDER $75.00 PER MONTH - This home has lots to offer. The back yard is totally fenced with two large gates on either side. This three bedroom one bath has new double pane windows that were installed in 2024. The cozy eat-in kitchen has warm colored wood cabinets. All appliances including the washer and dryer will remain with the home. There are two bonus rooms--one located at the front of the home and one at the rear that overlooks the back yard. The roof and hot water heater were installed in 2019, the oven was purchased in 2024 and a new drain field was added in 2017. The huge workshop in the back yard has electric and an automatic fan for ventilation. There is also a wooden gazebo perfect for grilling and entertaining your guests. There is also a screened porch at the rear of the home that is nicely sized. This home is priced to sell !! This property is conveniently located to shopping, I-4 (for easy access to Tampa and Orlando) and just minutes to Legoland. This home is close to Disney World and all that Central Florida has to offer. Make your appointment today to view. ASSUMABLE VA MORTGAGE.
Source: STELLAR #P4935871
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.