4081 Dunmore Dr Lake Wales, FL 33859
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About this home
New Price! Stunning waterfront home with amazing views, 2.5/2.599APR assumable VA loan, and CDD bond paid in full! Enjoy breathtaking views of Lake Ashton, golf course greens, and serene ponds from this beautifully updated Provence split floor plan, ideally situated in the heart of Lake Ashton with convenient access to both clubhouses and the golf pro shop. Best of all, this home offers a low-interest assumable VA loan, making it an exceptional opportunity for qualified buyers! Featuring 3 spacious bedrooms plus a large den or office, this split floor plan offers both functionality and style. Major updates completed in 2023 include: Brand-new kitchen with 42” cabinets, quartz countertops, updated sink and faucet, and new refrigerator. New luxury vinyl plank flooring throughout the entire home, fresh interior paint and added crown molding in the den/office, new split A/C unit in the enclosed lanai, whole-house insulation upgrade, including the garage, and solar panel system for energy savings. Additional 2024 updates include a freshly painted exterior, refreshed landscaping, and several replaced acrylic windows in the lanai. The roof is approximately 7 years old, and the HVAC system and appliances are about 6 years old, including the washer and dryer, which convey with the home. Other features include crown molding throughout, a whole-house water filtration system, and grid-loc style flooring in the garage. This move-in ready home is a true gem in an active and amenity-rich 55+ golf community. Lake Ashton offers two 18-hole golf courses, two clubhouses, card rooms, fitness centers, craft rooms, a bowling alley, movie theatre, pickleball, tennis, bocce ball, and more. Don’t miss your chance to own this exceptional home with an assumable VA loan and no CDD bond debt. Call today to schedule your private tour of both the home and the community!
Source: STELLAR #P4934592
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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.