Country with Class or County Chic—either way, this custom 2017 home delivers both style and serenity on 5.43 acres just outside Bartow. Enjoy the peace of country living while staying conveniently close to Bartow, Winter Haven, Lakeland, and Lake Wales. Step through the front door and you’re greeted by wide-plank custom wood flooring that flows throughout much of the home. The spacious living room features a stunning floor-to-ceiling stone wood-burning fireplace, creating a warm and inviting focal point. Overlooking the living area is a gourmet kitchen complete with a large island, stainless steel appliances, vented hood, pot filler, custom mosaic backsplash, and an additional built-in oven. A generous pantry and laundry room sit just off the kitchen for added convenience. The adjoining breakfast nook and formal dining area offer plenty of room for gatherings. The home features three large bedrooms, including a luxurious primary suite with a tray ceiling, oversized walk-in closet, and French doors leading to the screened patio. The primary bathroom includes dual sinks with a center vanity, a private water closet, and a walk-in shower equipped with multiple showerheads. The second and third bedrooms share a spacious Jack-and-Jill bathroom, each with its own private sink and direct access to the shared tub/shower and toilet area. One of the standout features of this home is the expansive screened-in patio, accessible through three sets of French doors. This impressive outdoor living space overlooks the back acreage and serves as a true extension of the home. Beyond the patio, the property continues to impress with a powered shed currently used as an extra bedroom, a charming greenhouse constructed from salvaged windows, and a large chicken coop ready for your flock. A substantial enclosed barn with an attached lean-to and two stables provides ample room for horses, livestock, equipment, or recreational vehicles. A nearby tack shed adds even more functionality. With room to roam, grow, and create the lifestyle you’ve been dreaming of, this property offers a rare blend of comfort, craftsmanship, and country charm.
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.
