Back on the market! Spacious 4 bedroom townhome in Lakeland, FL – maintenance-free living with two community pools, steps from downtown Lakeland and all its vibrant events.Discover the perfect low-maintenance Florida lifestyle in this generously sized 4 bedroom townhome near downtown Lakeland. Ideal for families, professionals, or pet owners seeking convenience and space without the hassle of yard work.The open-concept main floor features a large great room flowing seamlessly into the dining area and upgraded kitchen – perfect for entertaining or everyday living. The kitchen boasts modern granite countertops, ample workspace for cooking and baking, and a convenient breakfast bar for quick meals. A guest half bathroom is right nearby for easy access.Step outside to your private screened and covered lanai – the ideal spot to unwind during Florida's mild winters and enjoy year-round outdoor relaxation.Upstairs, you'll find four well-proportioned bedrooms, including a versatile one currently used as a study/home office. The master suite offers a walk-in closet and private en-suite bathroom with a standalone shower. The additional bedrooms share a full bathroom with smart built-in shelving.No carpets here – all hard-surface flooring throughout makes this townhome allergy-friendly and easy to maintain for families and pets.Enjoy resort-style amenities with a community pool right next to your building, plus a smaller clubhouse and pool by the nearby lake offering stunning sunset views. Located minutes from Publix Plaza shopping and just a short drive (or even bike ride) to downtown Lakeland's exciting scene – including First Friday events with Makers Market, classy car show and foodie fests, the weekly farmers market, food truck rallies, and endless dining, shopping, and entertainment options.Don't miss this rare opportunity for downtown Lakeland townhome living with community pools and prime proximity. View the photos, take the virtual tour, and request your private showing today before it's gone again! *** 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.
