4496 Strathmore Dr Lake Wales, FL 33859
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About this home
THIS IS THE ONE YOU HAVE BEEN WAITING FOR!! CDD Bond PAID IN FULL! This beautifully upgraded 3-bedroom, 2-bath home in Lake Ashton Golf Community blends comfort, elegance, and lifestyle. Nestled on a desirable corner lot, it welcomes you with a screened front porch perfect for enjoying peaceful mornings and Florida breezes. Step inside to discover a thoughtfully designed split floor plan with high ceilings, crown molding, and tile flooring throughout. The open floorplan includes both formal living and dining spaces, ideal for entertaining. The spacious owner’s suite features French doors, dual walk-in closets, and a spa-inspired en suite bath with a walk-in tub, separate shower, and double vanities. The kitchen has granite countertops, Samsung stainless steel appliances, rich cabinetry with a built-in wine rack, and a convenient laundry room with Maytag ENERGY STAR washer and dryer included. Home is equipped with a whole-house generator, an electric roll-down garage screen, hurricane shutters. New roof installed in 2020. Golf Cart Included. Residents of Lake Ashton enjoy access to an impressive array of resort-style amenities, including two 18-hole championship golf courses, a bowling alley, movie theater, card rooms, a grand ballroom, and a full-service restaurant. The fitness and wellness center features an indoor heated pool, spa, and additional workout facilities. Outdoor enthusiasts can take advantage of tennis and pickleball courts, bocce ball, shuffleboard, and scenic walking trails, all complemented by a vibrant calendar of social events. VA assumable mortgage at 2.62 for qualified borrowers.
Source: STELLAR #P4936036
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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.