937 Montgomery Ln Polk City, FL 33868
Your savings
About this home
May Be Available For RENT Too! Location, Location, only 30 min from Walt Disney World Parks, 5 min from I4. SHORT & LONG Term Rentals ALLOWED "Amazing 2022 build property", 4-bedrooms, 2-bath, oversized corner lot. NO carpet, beautiful Luxury plank vinyl flooring throughout the house, including all four bedrooms, and wood blinds in all windows. Covered and screened Lanai. Double Garage. Auburn Cove community has two dog parks and direct access to the TECO scenic walking trail that offers a 6.5-mile trail for a perfect outdoor pure nature exercise and relaxation! The spacious kitchen, with its large island and open floor plan featuring vaulted ceilings, offers the ideal space for family gatherings, creating memories that will last forever. Property Features: Water softener for the entire home, Gutters, and Whole-House Solar Panel system installed in 2023, designed to help reduce energy costs while supporting a greener lifestyle. This system generates surplus clean energy, meaning that TECO buys back the excess electricity, and the property owner typically receives a credit back. The system is also powerful enough to support future energy needs, so if you decide to add a pool, it could likely be powered with little to no additional cost thanks to the surplus energy. The Buyer must assume the cost of the solar panel. Solar Panels come with a 25-year warranty from the date of purchase, which was September 1, 2023. The warranty is transferable to new owners.
Source: STELLAR #S5131601
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.