1202 Wright Dr, Lakeland, FL 33805
4 beds · 2 baths · 1,250 sqft sqft
4-Bedroom Home on a Corner Lot near Downtown Lakeland. This adorable 4-bedroom, 1.5-bath home situated on a corner lot with 1250 square feet of comfortable living space, this property offers both convenience and charm. The home features brand new carpeting throughout, providing a fresh and inviting feel. It’s ready for your personal furniture and decorating touches. Dining Room with a View: The dining room boasts a window that overlooks the front yard, allowing natural light to filter in as you enjoy your meals. Spacious Family Room: The large family room is perfect for gatherings and relaxation. Sliding glass doors open to the screened lanai, creating a seamless indoor-outdoor flow. The well-Equipped Kitchen includes all appliances. Convenient Inside Laundry Room: No need to worry doing laundry in the Florida heat—there’s an inside laundry room with a pantry, complete with a washer and dryer. The main bedroom features a convenient half bath, providing privacy and convenience. Shared Bathroom for Three Bedrooms, ensuring comfort for everyone in the household. Carport with Storage Area: The carport provides covered parking and additional storage space for your belongings. Relaxing Screened Lanai: Wind down at the end of the day on the screened lanai—a perfect spot to enjoy the Florida weather. Backyard Ready for Plantings: The chain-link backyard awaits your favorite plantings, whether it’s flowers, shrubs, or a vegetable garden. Don’t miss out on this wonderful home! Contact us today to schedule a viewing.
Source: STELLAR #l4947982
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #l4947982
Source: Public records
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #l4947982