6424 Jenny Dr Lake Wales, FL 33898
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About this home
**This house comes with a REDUCED RATE through the seller's preferred lender. This is a lender-paid rate buydown that reduces the buyer's interest rate and monthly payment. The Seller may also consider additional buyer concessions if requested in an offer** ~ Waterfront home with direct CANAL ACCESS to LAKE PIERCE via a private BOAT RAMP & COVERED BOATHOUSE w/ ELECTRIC LIFT- plus a NEW ROOF (2020), NEW A/C (2022), BRAND NEW GARBAGE DISPOSAL (2025), UPDATED KITCHEN with a NEW SIDE-BY-SIDE REFRIGERATOR, UPDATED BATHROOMS, FRESH PAINT and MODERN WOOD LAMINATE & TILE FLOORING! This spacious flowing floor plan delivers a huge living room complete with a brick fireplace that delivers warmth and charm paired with the character of a wall to wall custom bookcase, and a dining area open to a comfortable kitchen. Through sliding glass doors off the living room or a second private entrance the third bedroom/den is on the opposite side of the home with access to a full guest bath making it ideal for multi-generational living, an IN-LAW SUITE or rental potential. The large SCREENED LANAI is secured by two glass storm doors with two ceiling fans for maximum comfort adding curb appeal to the front of the home and the generous lot on a quiet CUL-DE-SAC STREET leaves room for a storage shed, boat house with an attached workshop and a boat ramp right in your own backyard! No HOA offers freedom from additional fees and restrictions and allows the boating and fishing enthusiast to enjoy this property to its fullest. The appealing landscape of palm trees swaying in the breeze, unique character and features make this property stand out from comparable homes in the neighborhood and TWO DRIVEWAYS in addition to the garage give you ample parking. Also noteworthy; the septic was pumped in 2021, well water pump was replaced in 2021, both bathrooms have been updated, the water heater was replaced in 2016, and the boathouse workshop features a work bench and security lighting. If you are looking for a MOVE-IN READY HOME with modern updates direct WATERFRONT ACCESS, and unique features look no further than Jenny Dr. Call today to schedule a tour!
Source: STELLAR #O6287905
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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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