Resort-Style Living with a Heated Saltwater Pool in Lakeland. Welcome to this stunning 4-bedroom, 2.5-bathroom home with a 3-car garage located in the highly desirable TerraLargo resort-style community. Designed for both comfort and entertaining, this beautiful property offers the perfect blend of luxury upgrades, spacious living, and exceptional Florida outdoor living. Step inside to find a freshly painted downstairs interior that feels bright, clean, and move-in ready. The spacious open-concept floor plan features a gourmet kitchen with a huge center island, granite countertops, and tons of prep space, perfect for hosting gatherings or everyday living. The primary suite is conveniently located downstairs, offering privacy and comfort with easy access to the main living areas. Every bedroom in the home features its own walk-in closet, providing generous storage and organization for everyone. Upstairs you’ll discover a huge bonus room, ideal for a media room, game room, home office, gym, or playroom—giving you flexible living space to fit your lifestyle. The bedrooms are a great size for family members. Step outside into your own private backyard retreat featuring a heated saltwater pool and relaxing hot tub, with beautiful pavers creating the ultimate setting for enjoying Florida sunshine year-round. The custom outdoor kitchen is built for entertaining with granite countertops, a mini fridge, Blackstone flat top grill, and propane grill, making poolside gatherings effortless and memorable. Additional highlights include a durable tile roof, a spacious 3-car garage, and thoughtful upgrades throughout and home generator hookups. Living in TerraLargo means enjoying resort-style amenities, including a beautiful clubhouse, zero-entry resort pool and spa, fitness center, pickleball courts, tennis courts, basketball courts, playground, and a scenic fishing gazebo. Plus, included in the hoa is HIGH SPEED INTERNET and CABLE. Conveniently located near I-4, shopping, dining, and world-class Florida attractions, this home offers the perfect balance of luxury, convenience, and community living. Escape, entertain, and unwind in unmatched style in one of Lakeland’s most sought-after communities.
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.
