3203 Decatur Ave, Lakeland, FL 33805
3 beds · 2 baths · 1,500 sqft sqft
Welcome to 3203 Decatur Ave, a beautifully maintained 3-bedroom, 2-bathroom home boasting 1,500 square feet of comfortable living space. Nestled in a quiet and friendly Lakeland community, this property provides the perfect combination of convenience, charm, and space. Step inside to discover an inviting open floor plan with spacious living areas that are perfect for entertaining or relaxing with family, ample kitchen cabinet space, and a cozy dining area, making meal prep and family gatherings a breeze. The two additional bedrooms are bright and generously sized, ideal for family, guests, or even a home office. The second full bath is well-appointed and conveniently located near the guest bedrooms. Enjoy Florida's beautiful weather in the spacious backyard, perfect for outdoor activities, gardening, or simply unwinding. This home is walking distance to North Lakeland Elementary school Located just minutes from shopping, dining, and major highways, this home provides easy access to everything in downtown Lakeland , while still offering a quiet and peaceful retreat. Whether you're a first-time homebuyer, growing family, or looking for a place to call your own, 3203 Decatur Ave is the perfect place to start your next chapter.
Source: STELLAR #l4948870
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #l4948870
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: #l4948870