4318 Thomas Wood Ln E Winter Haven, FL 33880
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About this home
Welcome to Lake Thomas Woods located in Southwest Winter Haven, Florida. This community features Custom Homes without a Homeowner’s Association (HOA). The community is located close to the Polk Parkway, giving easy access to Lakeland, Orlando, and Tampa. This Custom Pool Home now available features 4 Bedrooms, 3 ½ Baths, Living Room, Dining Room, Breakfast Nook, Kitchen, Laundry Room, Family Room, Upstairs Loft, Two Bonus Rooms, with a 2 Car Garage. This Home is one of the largest homes in the community with 3,655 square feet living area built in 2006. This one-owner home is large enough for all your gatherings and entertaining guests. The extended driveway, garage, and additional parking area can accommodate approximately 15 Cars, Boat, and/or RV. The Kitchen features Wood Cabinets, Pull Out Drawers, Granite Counter Tops, Skylight, Breakfast Bar, and a Breakfast Nook. The Family Room is very large and includes a Wet Bar. The entire first floor is wheelchair accessible with 36-inch doors. The Primary Bedroom is downstairs along with another Bedroom. Travel up the beautiful stairwell to the other two Bedrooms. All Three Full Baths include Jacuzzi Tubs. The Primary Bath also includes a Large Tile Shower with Dual Sinks. The outside Lanai connects to a large Gazebo which is screened along with a Salt Pool and Waterfall. The Home also features a balcony in front of the home and another screened balcony area over the Backyard. The Backyard is fenced and includes 2 Large Sheds that can be used for storage or workshops. I am sure you will enjoy everything this home has to offer. Call me with any questions or when you are ready to schedule your showing. All sizes are approximate. Sold As Is.
Source: STELLAR #P4935792
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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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