This FULLY FURNISHED move-in-ready, 2-bedroom, 2-bathroom manufactured home is situated directly on the lakefront is located in the desirable 55+ Floral Lakes Community in Bartow, FL. The spacious kitchen is a highlight, boasting white subway tile backsplashes, a breakfast bar, a closet pantry, a large pass-through window, and ample cabinet and counter space. It is fully equipped with stainless-finish appliances, including a propane range/oven (seller will replace with electric range upon buyer request), microwave hood, dishwasher, and refrigerator. Adjacent to the kitchen is a charming dinette area with a built-in hutch, as well as an indoor laundry room with the washer and dryer included. The bright and airy living room flows seamlessly through fully opening pocket glass doors into the Florida Room, which is equipped with a window A/C unit and showcases stunning waterfront views. In the primary bedroom, you will find a full wall of closet space featuring mirrored doors and built-in shelving that functions as both storage and a hidden entertainment center. The updated en-suite bathroom includes a linen closet and a modern ceramic tile enclosure with a doorless, walk-in shower and glass partition. The second bedroom offers a large closet, while the guest bathroom features a large vanity and a refinished shower/tub combo that brightens the space with classic white finishes. The exterior of the home is designed for both utility and relaxation, featuring a single-car carport plus golf cart parking and a separate workshop/storage room. A rear concrete patio and a private 9’x24’ floating dock with wood decking on pontoons are ideal for enjoying the lake. The property features a durable metal roof. Additionally, the seller has installed extra tie-downs and cables at strategic points for wind damage mitigation and peace of mind. Located in central Florida, between Tampa and Orlando, this golf cart friendly community is near the Bartow Civic Center, Bartow Public Library, and Mary Holland Park. Here you OWN YOUR LAND (no lot rent) and pay low monthly HOA fees. The Floral Lakes community offers access to a stocked pond with community boat ramp and dock. Clubhouse amenities include recreation space, shuffleboard, putting green, and large heated swimming pool. Social clubs, dances, exercise, pot lucks, and MORE! Association approval is required for purchase. Call your Realtor today for more information and to schedule a showing!
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.
