1514 Pine Glen Rd, Lakeland, FL 33809
3 beds · 2 baths · 1,776 sqft
Welcome to this stunning modern farmhouse situated on a spacious .70-ACRE CORNER LOT! This solid BLOCK home features 3 bedrooms, 2 bathrooms, a 2-car carport, and an additional open parking pad/ driveway for ample parking. The carport can easily be converted into a garage as the block structure is already there. The entire property is FULLY FENCED and includes a beautiful POOL with plenty of space for family, entertainment and storage. Upon entering the home, you are greeted by a FORMAL LIVING AREA, currently used as a dining space, which flows seamlessly into a well-maintained kitchen equipped with ample counter space and an EAT-IN AREA. The INDOOR LAUNDRY ROOM offers extra storage, shelving for a pantry, and access to the backyard. Adjacent to the kitchen and living room is a FORMAL DINING ROOM, currently used as an office, that connects to a grand family room. The FAMILY ROOM boasts a cozy, wall-to-wall, solid brick WOOD-BURNING FIREPLACE and provides access to both the carport and a FULLY SCREENED SIDE PORCH. The porch is ideal for outdoor entertainment and dining, overlooking the inviting POOL, two GRILLING PAD areas and a FIREPIT. The generous yard, measuring .70 ACRES, features three sets of DOUBLE GATES for entry and includes TWO SHEDS for additional storage. With NO HOA or CDD, this property offers the freedom to expand and utilize the land as you desire- whether for parking cars, boats, RVs, starting a garden, or any other personal project. Recent updates include a NEW ROOF in 2024, NEWER A/C UNIT, fully UPDATED master bedroom and bathrooms, ALL NEW FIXTURES throughout the home, SECURITY SYSTEM included, and fully maintained and service throughout! COME AND SEE!
Source: STELLAR #l4945952
Source: STELLAR #l4945952
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: #l4945952
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.