2175 Old Mining Rd, Lakeland, FL 33801
4 beds · 3 baths · 2,573 sqft
Stunning 2-story Home with Pond-View in a wonderful community!! Premium LOT, Low HOA built in 2022. Extended lanai/backyard perfect to enjoy outside activities. Modern kitchen, Step inside to discover this floor plan that offers both privacy and functionality. The Master bedroom facing the Pond-View ,spacious kitchen, which showcases elegant granite countertops and gleaming stainless steel appliances, making it a perfect hub for entertaining guests or enjoying family meals. New laminate flooring on stairs and second floor throughout with meticulous attention to detail evident at every turn, this move-in ready home exudes a sense of quality and comfort. From the pristine interiors to the manicured outdoor spaces, every aspect of this property has been impeccably maintained. Conveniently located in a community with low HOA fees and affordable home insurance, this residence offers not only a prime lot with beautiful pond view but also peace of mind. The community also provides desirable amenities, including a community pool and a dog park, perfect for enjoying sunny Florida days. With its prime location near I4, commuting to Tampa or Orlando is a breeze, providing access to a host of entertainment, shopping, and dining options. Its convenient location provides easy access to major highways and attractions in both cities. Lakeland is home to over 30 lakes within the city limits, offering residents plenty of opportunities for boating, fishing, and other water activities.
Source: STELLAR #s5117286
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #s5117286
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: #s5117286
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.