817 James Way Lake Alfred, FL 33850
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About this home
Welcome to this stunning 6-bedroom, 3-bathroom, two-story home at 817 James Way, perfectly situated in a tranquil Lake Alfred neighborhood with a low HOA. This meticulously maintained residence offers the ideal blend of comfort, space, and modern upgrades, making it the perfect home for multi-generational living. Step inside and be greeted by the luxurious feel of brand-new vinyl wood flooring installed in 2025 throughout the entire home. The expansive layout provides plenty of room for everyone to spread out, offering privacy and shared living spaces. The kitchen is a chef's delight, featuring a new refrigerator (2024) and a new stove (2025). The home has been thoughtfully updated with big-ticket items, ensuring peace of mind for years to come, including a new roof in 2021, a new water heater in 2023, and a new garage door opener in 2025. Both the upstairs and downstairs AC units were also recently replaced in 2024 and 2023. The screened-in lanai offers a perfect space for relaxing and enjoying the outdoors, while the beautiful yard is kept lush and green with a full irrigation system. You'll also appreciate the convenience of a whole-home water filtration system. The garage is a standout feature, with custom-installed overhead storage and built-in shelving, providing a place for everything. Some furniture in the home is even negotiable, offering a seamless move-in experience. Elementary school is in walkable distance. This home is ideally located for those who love an active lifestyle, close by Mackay Gardens and Lakeside Preserve, where you can enjoy Fishing pier, nature trails, bike paths, playgrounds, a dock, and a lunch area. Plus, with local boat ramps nearby, you'll have easy access to the famous Chain of Lakes in Winter Haven. Central Park Playground Lake Alfred, Basketball Courts with Lights, Football Field Pavilion, Pet-Friendly Walking Path, Restrooms, Softball Field with Lights. This location truly offers the best of both worlds: Tampa only 58 min & Orlando only 48 min. Disney on 34 min. Don't miss your chance to own this fantastic property. Schedule your private showing today!
Source: STELLAR #P4935854
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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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