Modern ranch 3 Bedroom, 2.5 Bathroom home located on a half-acre lot in a quiet Bartow neighborhood with established St. Augustine grass, mature oak hammocks, and no HOA. The curb appeal continues with a side entry, 2-car garage, a front porch with hand rails, mature landscaping, and front and side gables. There is a spacious, split floor plan home with 10’ ceilings located through the living area, kitchen and dining spaces as well as hardwood floors and custom hardwood kitchen cabinets. The kitchen is also equipped with a large pantry, updated appliances, and a kinetico water purification system. The dining room provides an ideal layout for entertaining and family meals with access to a quaint porch perfect for your morning coffee. Relax in the living room with sufficient space for your furniture needs and a large wall perfect for placing a large flat-screen television. After exiting the main living area to the right side of the home, you will find a long hallway with an office adjacent to the primary suite. Beyond these rooms there is a large storage closet, garage access door and a half-bath equipped with hardwood cabinets. Beyond the half-bath is the laundry room equipped with an updated washer and dryer, wire clothes hanger and a large broom closet. The primary suite is a true retreat with two generous walk-in closets and a private ensuite bathroom featuring two separate, large vanities with custom hardwood cabinets, a large tiled shower with double shower heads, a large storage closet, and a private water closet. After exiting the main living area to the left side of the home, you will enter two spare bedrooms which can pair as a mother-in-law suite due to the privacy door. Both bedrooms are generous in size and equipped with standard built in closets and share a full bathroom with hardwood cabinets and tub/shower. In the hallway which connects to the two spare bedrooms, there is also a linen/utility closet on both sides of the bathroom door. Outdoor living is just as inviting with a screened-in rear porch, mature landscaping, a chain link fully fenced backyard with a large, double swing gate for easy trailer access to the back yard, with plenty of room for a playground set. The home also features a paved walkway to a paved fire pit area with plenty of room for seating, a detached 12’ x 24’ shed with 110 power and lighting hooked up which provides for additional storage or workshop needs, Generac Standby generator with buried propane fuel system and a 2 horse power shallow well pump for full yard irrigation. The home also features a spacious 483 square foot garage with pull down ladder access to a large attic, providing plenty of space for vehicles, tools, and seasonal belongings. New architectural shingle roof installed in 2024. Septic tank was cleaned and sump pump replaced in 2023. New carpet installed throughout in 2022. This home is located 15 minutes from downtown Bartow, 20 minutes from Winter Haven (Chain-of-Lakes, LEGO Land), and 20 minutes from Lake Wales (Bok Tower). It has all the benefits of a country home while offering an easy commute to all surrounding areas.
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.
