1304 MAYFLOWER DR, Lakeland, FL 33810
Welcome to this adorably updated 3 bedroom 2 bathroom home that has NO HOA & NO CDD! As you enter the home you are greeted by high end luxury vinyl that runs through out the home. Directly across from the entry is the centrally located kitchen which has been updated with bright wood cabinets, quartz countertops and newer lighting. To the right of the entry is the family room which includes a large bay window allowing natural sunlight to filter in. To the left of the entry is the living room / dining room combo. The living room also includes a large bay window allowing natural sunlight to filter in, and the dining room includes a pass-thru' to the kitchen allowing great meal service for gatherings. Down the hallway off the family room you will find the master ensuite which boasts an updated bathroom with tile flooring, bright vanity, large walk-in shower and newer lighting, mirror and faucet. On this wing of the home you will will also find a second bedroom with newer ceiling fan, and the updated second bathroom with bright vanity, walk-in shower with grab bars, new lighting, mirror and faucet. Off the kitchen you will find the third bedroom with an attached bonus room and exterior door making this a perfect space to create AN IN-LAW AREA! Rounding out the interior of the home is an extra large utility room with backyard access and a closet/storage room. This home has easy access to I4 & downtown Lakeland, and quick access to grocery shopping, malls and more. Amenities/upgrades:newer metal roof, newer rear concrete patio and wood fencing, fully fenced backyard and carport.
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #t3535568