1880 N Crystal Lake Dr Apt 57 # 57, Lakeland, FL 33801
3 beds · 3 baths · 2,311 sqft
Welcome home to this 3 bedroom, 2.5 bathroom townhouse with one of the largest floor plans in the community with over 2300 sq ft. The large living room features cathedral ceilings with a ceiling fan and views of the open loft on the 2nd floor. Front area can be used as additional seating area or office. The kitchen has been updated with granite countertops, breakfast bar and pantry. Large bonus room can be used for a den or office and includes a storage room with access to the backyard. There is also a half bathroom downstairs for guests. As you head upstairs, the loft looks down over the living room. The split bedrooms each include their own en suite bathrooms. The primary bedroom also includes a large bonus room or sitting area and ceiling fans. The primary bathroom includes a jacuzzi tub, separate shower an plenty of counter/vanity space. The walk-in closet features built-ins and plenty of space for all your clothes, shoes and accessories. The amenities include a pool, tennis courts and additional parking for boats and other vehicles and storage. Centrally located near shopping, restaurants, hospitals and much more. Grab this one before it's gone!
Source: STELLAR #A4637962
Source: STELLAR #A4637962
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.