2163 Rainbower Ct, Lakeland, FL 33810
3 beds · 2 baths · 1,984 sqft
Come and enjoy this unique Ernie White built home in the Bloomfield Hills subdivision located on a quiet and friendly cul-de-sac. This subdivision is NOT a mass production cookie cutter style neighborhood. You will appreciate the uniqueness of this well-planned gorgeous community. This home is light and bright and full of Florida sunlight. The open floorplan is made for entertaining and special occasions. There is plenty of seating in the formal dining room, eat in kitchen nook and bar stool seating. The kitchen is centrally located, a galley style kitchen, which offers space and openness and even a skylight. This wonderful split layout has a large master bedroom which includes a spacious his and hers walk in closets. While the guest rooms are located on the other side of the home which includes a full guest bathroom. The master bath is complete with garden tub and separate walk-in shower. The cathedral vaulted ceilings and sliders lead out to a large 31 foot by 12 foot lanai made for peaceful gardening and outdoor barbecues. It is an outdoor sanctuary that will bless you greatly. If you need a lot of parking, take note of the driveway length, extended garage and garage shelving. The community offers tennis courts and winding sidewalks for exercise. Located close to shopping, schools, restaurants and medical facilities.
Source: STELLAR #t3527823
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #t3527823
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.
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: #t3527823
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.