3448 Merdic Ct, Lakeland, FL 33810
3 beds · 1 baths · 1,730 sqft
One or more photo(s) has been virtually staged. This Spacious Home has 3 Bedrooms, an Office/Den, Dining Room or another Family Room, 1 Bath and a Large Living Room with a wood burning fireplace. This home also has the potential to have a Second Bath in the primary bedroom by moving the washer and dryer to the laundry closet next to the main bath. The kitchen features soft close cabinets and drawers, newer appliances, a closet pantry and room for a table or coffee area. Upgrades include a NEW HVAC, Hot Water Heater, Added Insulation in the attic, and ceramic tile flooring. The septic and drain field were replaced in March 2012. This home sits on a .22-acre lot with NO HOA. This home also has access to Lake Winston where you can build a dock. The spacious back yard has a sink on the large patio where you can build an outdoor kitchen with plenty of space for outdoor furniture to relax and enjoy the cooler weather. This home is located on a cul-de-sac with easy access to I-4, 92 and 570. Please be sure to see the Floor Plan in the pictures!
Source: STELLAR #tb8329666
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8329666
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: #tb8329666