185 Heritage Park Ln, Mulberry, FL 33860
4 beds · 2 baths · 2,211 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Under contract-accepting backup offers. Discover the perfect blend of modern living and comfort in this stunning 4-bedroom, 2-bathroom home, plus an office, located in the desirable Heritage Park Subdivision. Built in 2020 by Adam's Homes and situated on a spacious corner lot, this property offers an inviting atmosphere with no CDD fees. As you step inside, you are greeted by high ceilings that enhance the open design of the main living areas. The new luxury vinyl plank flooring flows seamlessly throughout the home, providing a stylish and durable surface for everyday living. The heart of the home lies in the thoughtfully designed kitchen, equipped with stainless steel appliances, ample cabinetry, and generous counter space. Here, you can easily prepare meals while enjoying views of the expansive living room and backyard, making it ideal for entertaining family and friends. Retreat to the primary bedroom, a true oasis complete with an ensuite bathroom. This serene space features two closets, a walk-in shower, a relaxing garden tub, and dual sinks, offering both luxury and practicality. The additional three bedrooms are thoughtfully located on the opposite side of the home, sharing a well-appointed guest bathroom, making it perfect for family or guests. A bonus room, currently utilized as a home office, provides flexibility for your personal or professional needs. This space can seamlessly adapt to become a playroom, gym, or guest room, depending on your lifestyle. Step outside to discover the screened-in patio, perfect for enjoying morning coffee or evening gatherings, all while overlooking your fenced-in yard. This home is ideally located within close proximity to Publix, Lakeland Airport, and a variety of retailers and dining options, ensuring that all your daily needs are met within minutes. Don’t miss the chance to make this stunning property your own. Experience the comfort, convenience, and modern features that this Heritage Park gem has to offer!
Source: STELLAR #L4951978
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #L4951978
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.
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.
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.
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.
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.
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.
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.