1401 Easton Dr, Lakeland, FL 33803
4 beds · 5 baths · 3,701 sqft
Under contract-accepting backup offers. Welcome to this fantastic mid-century modern POOL home located in a prime location within walking distance to Lake Hollingsworth, with easy access to shopping, dining, and schools. This split plan home features 4 bedrooms and 4.5 bathrooms and a dedicated gym! Arriving at the home, you’ll appreciate the separate circular driveway, beautifully manicured lawn, and side entry oversized garage with extra storage closet. Entering the home, you’ll find crown molding and hardwood floors in the large foyer with plenty of closet space. The spacious living room features a wood burning fireplace and leads into your stunning kitchen. The kitchen has shaker style cabinets, granite countertops, stainless steel appliances, and stained barn doors leading into the spacious pantry. There is also a breakfast bar area, perfect for those quick meals. Off of the kitchen, you’ll find a large formal dining room, with plenty of space for entertaining, as well as an additional sitting area with a pass thru to the kitchen. There is a wall of french doors that lets in plenty of natural light that leads to your stunning outdoor patio and pool area. The primary bedroom wing is spacious and bright and offers access to your personal gym, through barn doors. The en-suite bathroom has a large dual sink vanity with storage, a stand up shower, and large freestanding soaking tub. Additionally there is a huge walk in closet as well as a secondary closet! The remaining bedrooms are located on the opposite side of the home, each with their own walk in closet. There is also a secondary primary suite/guest suite at the back of the home with its own bathroom, large closet and wetbar and its own entrance. This home would be perfect for generational housing or even earn some income by renting out the secondary primary suite. Outside you’ll find your very own paradise with a large covered patio with access to the half bathroom and storage, an oversized 16x32 inground saltwater swimming pool all surrounded by beautiful pavers and a lovely landscaped yard. This home has so much to offer! The home was professionally remodeled in 2017 and has all the modern touches from light fixtures to finishes that you can enjoy without the upkeep of an older home! Schedule your private showing today!
Source: STELLAR #L4950669
Source: STELLAR #L4950669
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.