304 OAK LANDING DR, Mulberry, FL 33860
Welcome to this stunning, fully remodeled 5-bedroom, 3.5-bathroom home, located in the exclusive gated community of Oak Landing within Imperial Lakes. This luxurious property has been thoughtfully updated with every modern convenience and design detail in mind. As you step inside, you'll be greeted by a grand two-story entryway that sets the tone for the elegance found throughout the home. The custom kitchen is a true masterpiece, featuring brand-new wood cabinets, an oversized island, and state-of-the-art smart GE Café appliances. Whether you're a gourmet chef or love hosting, this kitchen will exceed your expectations. The spacious living areas boast new flooring throughout, with wood-look tile downstairs and luxury vinyl upstairs. The updated stairwell with integrated lighting adds a contemporary touch, leading you to the second floor where you'll find a wet bar in the loft and a versatile 5th bedroom that can be used as a media room or theater. Step outside to your private oasis—a saltwater pool with a new heater and pump, all enclosed within a two-story screened lanai. Enjoy the view from the second-floor balcony, crafted from durable Trex Wood, overlooking the pristine pool. The fully fenced backyard offers both privacy and a perfect space for outdoor entertaining. Smart home features abound, including smart irrigation, lighting, thermostat, and even a smart garage door motor. The home is also equipped with new sliding doors, windows, and a brand-new roof, ensuring peace of mind for years to come. New light fixtures, chandeliers, and ceiling fans enhance the home's ambiance, while custom built-ins throughout offer both functionality and style. With an extended driveway that fits three cars, a second bedroom with an ensuite bathroom, and a fully fenced backyard, this home truly has it all. The A/C system was replaced in 2022, and the entire home has been freshly painted inside and out. Don’t miss your opportunity to own this exceptional property in one of the most sought-after communities. Schedule your private showing today!
You may be able to put down less than the total down payment amount of $157,951 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #l4946982