Welcome Home to the Florida Lifestyle in this Mid-Century 3BR/2.5BA home. Perfectly positioned near the Polk Parkway, you have easy access to I-4 for commutes to Tampa or Orlando. You will be steps away from Lakeland's Three Parks Trail that takes you to Lake Hollingsworth and a short drive to downtown Lakeland, where you'll enjoy premier dining, boutique shopping, and scenic parks. With no HOA, this property offers added freedom and flexibility. The Owners of this home have created an exceptional blend of timeless elegance and modern comfort within its 2,220 S.F. of living area. As you enter the home, the beauty of the original oak floors greets you in the formal living room. Continue to the separate dining room and on to the spacious family room, all with hardwood floors. There's crown molding throughout the home. The remodeled kitchen has porcelain tile flooring in a herringbone pattern, quartz countertops, and solid wood cabinets. A 5-burner gas range and stainless steel appliances give the family's cooks everything they need. There's plenty of storage in the kitchen, including a large pantry. The hall bath was updated with granite countertops and built-ins in the shower/tub. The large second bedroom is unique with original built-ins. Make the 18' x 15' primary bedroom your own retreat and enjoy the tastefully remodeled bath that has a walk-in shower and a vanity with quartz surfaces. There's a third bedroom for guests or for the family. The two car garage is an extension of the living space with a half bath, epoxy flooring, a mini-split air conditioner/heater, and a large screen TV. Outside from the kitchen is a patio with pavers that creates a great space for gatherings. A new roof was installed in 2021. New AC compressor, air handler, and AC ducting, and new AC vents installed in 2024. All new windows and doors installed in 2020. Numerous additional upgrades/renovations have also been accomplished by the owners, and a list can be provided upon request. The front of the home features a circular drive and professionally installed exterior lighting to show off the new landscaped front and side of the yard. Schedule your private tour today to experience this remarkable home first hand. Home is being sold "AS IS" for the convenience of the Sellers. Buyer and Buyer's agent to verify all information, including room sizes, schools, and zoning.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
