215 Tara Ct, Lakeland, FL 33809
3 beds · 2 baths · 1,983 sqft sqft
Great North Lakeland location in the desirable community Plantation Ridge! This 3BR/2BA home is delightful with a nice curb appeal of lovely flowers and an inviting open front patio for relaxation. As you enter the home, the foyer has a nice size coat closet you appreciate. The large living room features a wood-burning fireplace, vaulted ceilings, plant shelves, and large windows to allow natural lighting. The kitchen features a breakfast bar,all New SS appliances, Corian countertops, tiled back-splash, ample storage, and counter space as well as a pantry closet. The Master Bedroom is perfectly located across from the other two bedrooms for privacy and features a walk-in closet. The master bath features upgraded double vanity with ceramic tile flooring. The other bedrooms are of nice size with the second updated bathroom conveniently located in between. A large 30x14 enclosed Florida Room provides extra space for games, workout equipment, entertaining guests, and much more. interior and exterior complete repainted There is also covered patio outback that is great for grilling and hanging out. There is room for a pool. The backyard is fairly large and completely fenced-in and has a storage shed for all your lawn equipment and gardening supplies. Home is sold as-is with right to inspect. Buyers and/or its agents to verify all sizes and measurements.
Source: STELLAR #l4948322
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #l4948322
Source: Public records
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.
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: #l4948322