540 Phillips Rd Sebring, FL 33875
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About this home
Welcome to this beautifully crafted, one-of-a-kind 3-bedroom, 2.5-bathroom home featuring an array of premium, thoughtful upgrades designed for comfort, durability, and long-term peace of mind. Built by the owner with care and precision, this wood-frame home is finished with plywood and stucco walls, cedar-dressed window frames, and trayed ceilings in both the living room and master bedroom, adding warmth and architectural charm. The kitchen is a chef’s dream, equipped with gas ranges, wooden countertops sealed with food-grade epoxy, and concrete outdoor counters also finished with epoxy—perfect for entertaining. A gas fireplace in the living room adds cozy potential (gas line not yet connected), while a wood-burning fireplace outside in the screened-in lanai creates the perfect setting for year-round outdoor enjoyment that includes a custom outdoor bar. Designed with quality in mind, this home has no PVC joints under the foundation, minimizing long-term risk of leaks. A convenient outside water shutoff and whole-home termite spray treatment—not just the standard first two feet—giving you lasting protection. Retreat to the master suite where you'll find a wheelchair-accessible shower and 4’ high concrete board-lined walls in both bathrooms for durability and easy maintenance. Outside, you'll find a large detached building with its own 2-car carport and an impressive amount of storage space. This versatile structure also includes a separate room that could serve as a spare bedroom, a man cave, a hobby room, or a private home office. Additional features include: Built-in TVs that stay with the home, and an outdoor shower for added convenience. This home is a rare find—combining handcrafted quality, timeless finishes, and thoughtful features not often found in today’s market. Schedule your private showing today!
Source: STELLAR #P4934987
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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.