Welcome to 4007 Prima Lago Circle, a beautifully upgraded 3-bedroom, 2-bathroom home with a private office, located in the highly sought-after gated community of TerraLargo in Lakeland. Built in 2020 by D.R. Horton, this move-in ready residence perfectly combines modern design, functional living, and resort-style amenities in one of North Lakeland’s most desirable communities. From the moment you arrive, you’ll appreciate the impressive curb appeal featuring an upgraded stone-accented elevation, Spanish tile roof, mature landscaping, and a pavered driveway that creates a luxurious first impression. Inside, the home is filled with natural light and showcases an open-concept split-bedroom floor plan designed for both entertaining and everyday comfort. The spacious great room flows seamlessly into the dining area and beautifully appointed kitchen, where you’ll find granite countertops, crown cabinetry, recessed lighting, pantry storage, stylish backsplash details, and a large center island with bar seating ideal for gathering with family and friends. Just off the main living area, sliding glass doors open to a fully screened and enclosed lanai overlooking the fully privacy-fenced backyard, offering the perfect setting for morning coffee, outdoor dining, or relaxing evenings. The private office with French doors provides an ideal flex space for working from home, a playroom, gym, or media room. The spacious primary suite serves as a peaceful retreat with elegant tray ceilings, a large walk-in closet, and an en-suite bathroom featuring dual granite vanities, a garden soaking tub, separate shower, and private water closet. Additional bedrooms are thoughtfully positioned for privacy, while the interior laundry room offers extra cabinetry and folding space for convenience. Smart home components are also included, adding modern efficiency and connectivity throughout the home. Living in TerraLargo means enjoying exceptional resort-style amenities including a grand clubhouse, 24-hour fitness center, zero-entry resort pool with lap lanes, spa, covered playground, tennis courts, basketball courts, pickleball courts, sidewalks, street lighting, and beautifully landscaped common areas. The HOA also includes cable and internet, providing added value and convenience. Ideally situated near shopping, restaurants, medical facilities, schools, the YMCA, and with quick access to I-4, this location offers easy commuting to both Tampa and Orlando while still enjoying the charm and convenience of Lakeland living. This is the perfect opportunity to own a meticulously maintained home with upgraded finishes, privacy, and resort-style living all in one exceptional package.
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.
