Welcome to 2250 Bella Luna Circle in Lakeland, FL—where comfort, style, and Florida living come together in all the right ways. Tucked inside the desirable Terra Largo community, this home offers a layout that actually makes sense (a rare find these days). From the moment you walk in, you’re greeted with an open, airy feel that flows effortlessly from the living space into the kitchen—perfect for everything from quiet mornings with coffee to hosting friends who suddenly don’t want to leave. The kitchen is the heart of the home, featuring ample counter space, generous cabinetry, a pantry and a layout that keeps you connected to everything happening around you. Whether you're entertaining or just keeping an eye on dinner and conversation at the same time, this space delivers. The split floor plan provides privacy where it matters most, with a spacious primary suite downstairs is designed to be your personal retreat. Secondary bedrooms are upstairs and are well-sized and all have walk in closets. There is a second living space or bonus space upstairs that is versatile—ideal for guests, a home office, or whatever life throws your way next. Step outside and you’ll find space to unwind, entertain, or simply enjoy a little peace and quiet with the fenced in private backyard. Additional highlights you will love: Professionally painted exterior and full interior, roof professionally cleaned, upgraded lights and fans throughout the house, upgraded primary and hallway bath with bead-board, lighting, and mirrors, master bedroom has brand new carpet, all carpets professionally cleaned, upgraded stainless steel appliances, extended back patio with hot tub and gazebo (hot tub is negotiable), extended front driveway for 3rd vehicle, home sits on a large corner lot and it is in move-in ready condition. Living in Terra Largo means access to world-class amenities, including a resort-style pool, clubhouse, fitness center, tennis courts, and scenic walking paths—all within a secure, gated neighborhood just minutes from shopping, dining, medical facilities, and easy access to I-4 for commuting to Tampa or Orlando. Whether you're looking for your next home or your next smart move, this one checks all the boxes. All sizes and information are believed to be accurate but should be verified by buyer and or buyers agent.
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.
