This beautifully updated South Lakeland home offers the perfect blend of modern improvements, functional outdoor space, and peaceful surroundings. Nestled on a spacious lot with open views behind the property, this 3-bedroom, 1-bath residence has been thoughtfully refreshed throughout and is move-in ready. From the moment you arrive, the fresh exterior paint, updated landscaping, covered carport, and mature oak trees create inviting curb appeal with a charming country feel while still being close to everything South Lakeland has to offer. Inside, the bright and functional layout features a welcoming living area that flows seamlessly into the dining space and updated kitchen. The kitchen showcases granite countertops, freshly painted cabinetry, stainless steel appliances, updated fixtures, and ample storage space. Neutral finishes, updated lighting, fresh paint, and durable tile flooring throughout the main living areas create a clean and modern feel, while the bedrooms feature brand-new luxury vinyl plank flooring for added warmth and comfort. The bathroom has been tastefully updated with a modern vanity, upgraded fixtures, and beautifully tiled tub/shower combination with natural light streaming through the window. Major improvements throughout the home include a new roof, new windows, all new outlets and switches including GFCI upgrades, and updated fixtures throughout for added peace of mind. One of the standout features of this property is the oversized screened lanai overlooking the backyard and neighboring open pasture views, creating a peaceful setting for relaxing or entertaining year-round. The backyard offers plenty of room for pets, gardening, storage, or future outdoor additions, and the double gate provides convenient access for trailers, boats, or recreational vehicles. The detached shed is a huge bonus, offering electrical service along with a 40-amp RV plug-in, making it ideal for hobby space, workshop use, storage, or RV setup. Additional features include an AC system that appears to be from around 2019, a 2010 water heater, septic system, covered parking, and mature trees that provide shade and privacy. Conveniently located near 540A, Bartow Highway, and US-98 South, this home offers quick access to the Polk Parkway for an easy commute to Tampa or Orlando while still enjoying the quieter feel of South Lakeland living. Schedule your private showing today.
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.
