Welcome to 6891 Lacy Drive located in the exclusive gated community of Amanda Oaks, a private enclave of just 40 custom homes in desirable South Lakeland’s Christina area. This elegant and meticulously maintained custom built Olivera home offers 4 bedrooms, 3 bathrooms, a dedicated office, and an oversized 3 car garage with premium upgrades throughout. Step inside through the grand foyer into an expansive open concept great room featuring soaring 10’ and 12’ ceilings, crown molding, decorative trim, tray ceilings, cove lighting, and beautiful 20”x20” ceramic tile flooring throughout the main living areas. Patio French doors open to a spacious screened lanai with paver flooring overlooking the lushly landscaped backyard that is perfect for entertaining or relaxing. The gourmet kitchen is designed for both function and style with solid wood cherry cabinetry, pull-out shelving, granite countertops, triple sink, breakfast bar, and GE Profile stainless steel appliances including a cooktop, built in microwave (2025), convection oven, warming drawer, and newer refrigerator (2023). The spacious primary suite is a true retreat featuring tray ceilings, cove lighting, dual walk in closets, and a luxurious en suite bath with double vanities, soaking tub, walk-in shower, and private water closet. The desirable triple split floor plan provides privacy for family and guests with three additional generously sized bedrooms and two additional baths. Additional features include: • Roof replaced in 2023 • Two energy-efficient water heaters (2023) including Insta-Hot system in primary bath • New microwave (2025) • EV 240-volt charging plug in garage • Kinetico water softener system • Built-in security system • Pre-wired for sound • Reclaimed water irrigation system for lower utility costs • Built-in garage workbench • Custom living room TV cabinet with retractable TV shelf available separately Conveniently located near top-rated schools, shopping, dining, and all that South Lakeland has to offer, this exceptional home combines timeless elegance with modern updates. Homes in Amanda Oaks rarely become available! 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.
