4220 Dornoch Dr Lake Wales, FL 33859
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About this home
Welcome Home! 4220 Dornoch Drive Lake Wales, Florida 33859 is a beautiful home with a POND VIEW and BUILT IN HOT TUB on the covered and screened LANAI. This 3 Bedroom / 2 Bath home is a popular BISCAYNE FLOOR PLAN with excellent curb appeal, manicured lawn and paver driveway. When you step thru the front door with side lights (2023), the living room is directly in front of you with the water view just beyond. To the right you'll discover Bedroom 2 with new carpet (2025) and a Guest Bath with shower/tub combo, granite countertop and comfort height vanity; a pocket door provides privacy to this area. The Den/Office is directly located off of the living room to your right. The doors on the Den/Office provide privacy from the living room. Need additional storage? Don't worry, there are two closets in the den/office for your storage needs. The Formal Dining Area and Living Room flow seamlessly together in this spacious home with newer flooring (2022). The kitchen has 42" cabinets, granite counter tops, tiled backsplash and upgraded stainless steel appliances. Soft Close hinges were installed on the cabinetry in 2024. There is a breakfast bar and separate breakfast nook, too. Double Sliders provide access to the lanai from the breakfast nook. The primary suite is a great retreat after a fantastic day in Lake Ashton. Located on the back of the home, you'll enjoy the primary ensuite with His/Her Walk In Closets, His/Her Separate Vanities, Separate Room with the improved Shower Stall (2019), toilet and linen closet. There is PLENTY of space in the primary bath to add a makeup vanity or additional cabinetry. Entertaining is easy in this home. Open the triple sliders that separate the Living Room and Lanai; turn on the built in hot tub and just relax. Your friends and family will enjoy this North/South facing home as they have fun in the outdoor living space. The laundry room has a wash sink and upper cabinets. The washer/dryer will convey with the sale of the home. Additional improvements that you'll enjoy in this home are: New Carpets in the Bedrooms (2025), New A/C (2023), New Roof (2022), Renovated (New Heater, Pump and Controller) Hot Tub (2020), New Flooring (2022) and MORE! Lake Ashton, a Florida Retirement Community with Resort Style Amenities and Activities. There are 2- 18 hole golf courses located in Lake Ashton. Memberships to the golf courses are OPTIONAL. Make an appointment to see this beautiful home in Lake Ashton TODAY!
Source: STELLAR #P4936299
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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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