3530 HAMILTON RD, Lakeland, FL 33811
Welcome to the enchanting property in the city of Lakeland, FL, where this captivating 3-bedroom, 2-bath home awaits on a generous 1.21-acre lot. Nestled against a backdrop of serene waterfront views and a fishing pond, this property seamlessly combines rural tranquility with urban convenience. As you step inside the 2146 sq ft of meticulously designed living space, you'll be greeted by vaulted ceilings and exposed wood beams, creating an inviting atmosphere. The master bedroom, conveniently located on the main floor, features double sinks and a walk-in shower with a seat, ensuring both style and comfort. The upgraded kitchen, adorned with an eat-in space and breakfast bar, emanates a modern country vibe. Ascend to the upper level and discover a loft overlooking the expansive living room – an ideal spot for your home office. Two additional bedrooms and a recently remodeled bathroom complete the upstairs living space, ensuring both functionality and style. Let's dive into the details of the upgraded upstairs bathroom – a haven of sophistication and comfort. This recently renovated sanctuary boasts a fresh, contemporary aesthetic. Revel in the luxury of new flooring, a modern vanity, and exquisite shower tiles. The bathroom has been meticulously designed with a new toilet, creating a spa-like ambiance that complements the home's overall aesthetic. Indulge in the luxury of an oversized detached workshop garage, perfect for unleashing your creative pursuits. The exterior showcases cedar siding, a metal roof, and charming front and side porches. Additional parking space upfront, along with Decko rotating security cameras, enhances both security and convenience. With a well and septic system in place, this home ensures effortless irrigation, making daily life a breeze. Cozy up by the wood-burning fireplace in the oversized living room, and relish the unique features that make this Lakeland property truly exceptional. Conveniently located off I-4, this home provides easy access to Orlando, making it an ideal choice for those who seek a harmonious blend of city amenities and suburban tranquility. Embrace the Lakeland lifestyle – where every day feels like a retreat in your own slice of paradise. Your dream home is here, waiting for you!
You may be able to put down less than the total down payment amount of $143,654 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: #t3498083
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.