If you are looking for a maintenance free Florida lifestyle, in a four bedroom townhome, with two community pools, and it's near downtown Lakeland then this home might be the answer. This home has a lot of space inside and out downstairs. The great room, dining and kitchen are open in this floorplan design, and there is a convenient half bathroom for guests nearby. The kitchen has been upgraded with granite countertops and has lots of surface space for those who like to cook and bake. They eat at breakfast bar is also convenient for a quick meal in the morning or after a long day at work. There is a large screened in, covered lanai at the back of the house, which is great for relaxing during the mild, Florida Winters. Upstairs there are four well sized bedrooms, one is being used as a study currently. The master bedroom has a nice walk-n closet and has its own en-suite bathroom with standalone shower configuration. The secondary bedrooms share another full bathroom with built-in shelving. Families and pet owners will love that there are no carpets in this home - all of the floors have hard surfaces. There is a community pool adjacent to this townhome building, and there is also a small clubhouse and pool adjacent to the nearby lake, which offers beautiful sunset views. The property is very near to the local Publix Plaza and minutes from downtown Lakeland. If you like First Friday, the food truck rally, the farmers market and other downtown activities you will love the proximity to your new townhome. Please have a look at the pictures, take a virtual tour, and if you like what you see, please request a showing today. *** UPDATES and MAINTENACE: The house was replumbed 2024. Roof replaced 2018-2019. New wiring was installed prior to the current owners purchase. The AC is serviced by Alexander Air. *** This won’t last long at this affordable price. Come take a tour today!
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.
