For tranquil family living, Polk City offers the perfect blend of nature, comfort, and convenience. Nature-loving families will appreciate the scenic 29-mile General James A. Van Fleet State Trail, where you can enjoy fresh air, outdoor adventures, and peaceful surroundings. Just a short walk away, Freedom Park features a playground, pavilion for gatherings and celebrations, and a fully fenced area that provides added safety and peace of mind — all while being conveniently located near Lakeland and centrally positioned between the metropolitan areas of Tampa and Orlando. Continue enjoying the outdoors from your nearly half-acre homesite, offering ample space for gardening, fruit trees, and outdoor living. Begin your mornings with coffee on the back porch and unwind in the evenings while watching breathtaking sunsets from the charming front Florida room. This unique property includes two interconnected mother-in-law suites, each with its own private entrance, creating exceptional flexibility for extended family, guests, or income-producing opportunities. Each suite features 2 bedrooms, a dining area, a laundry room, and 1 bathroom. One suite includes a full kitchen, while the other offers a convenient kitchenette. Both are currently operating as successful Airbnb rentals, generating substantial supplemental income. The main residence provides abundant space for both relaxation and entertaining. Enjoy quiet afternoons in the library, host gatherings in the spacious living room, or create lasting memories in the inviting family room. The library also features a wet bar — perfect for showcasing your barista skills, preparing fresh juices, or entertaining guests. The oversized dining room comfortably accommodates family dinners, holiday celebrations, and special occasions. The one-car garage includes a half bath and additional storage space for convenience. This beautifully remodeled home showcases numerous upgrades, including granite countertops, a new roof installed in 2024, and a brand-new HVAC system installed in May 2026. Altogether, the property offers 6 bedrooms, 3.5 bathrooms, 3 living rooms, 2 full kitchens, three sets of washers and dryers, a new Samsung 4-door refrigerator, and a Samsung dishwasher. For maximum comfort and efficiency, the property is equipped with three separate heating and cooling systems. Furniture is negotiable. CALL TODAY to schedule your private showing and experience the lifestyle and income potential this exceptional property offers.
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.
