1015 E Mann Rd, Bartow, FL 33830
4 beds · 3 baths · 2,932 sqft
**Back on the market due to no fault of the sellers. Buyer financing fell through** When you walk in, you're home! Don't miss this rare opportunity to own a near 3,000 sq ft 4 bedroom 3 bath pool home on a corner lot. This home has all the space you need to raise a family and entertain guests. This home boasts real wood beams and accents in several rooms. There is a spacious living room for family to gather and watch their favorite show. The home has a game room that is 500+ square foot, perfect for a pool table, dart board, wet bar or whatever you desire. There is a bonus room and a study, as well. The kitchen has an open concept with the walk-through feeling. The oversized bedrooms are a wonderful addition to this home. The master bedroom is large and has a walk-in closet. The pool area features a sheltered area that is built for your outdoor kitchen dreams. The pool was completely refinished a couple of years ago. The home has irrigation to keep the almost half acre lot green. There is also a 3 bay garage with 3 different garage doors. The roof is 7 years old. The home is on city water and sewer. Flood zone X. There is so much to love about this home. Schedule a tour today!
Source: STELLAR #o6174549
Source: STELLAR #o6174549
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #o6174549