4184 PRIMA LAGO CIR, Lakeland, FL 33810
Welcome to 4184 Prima Lago Cir, located in the picturesque Terra Largo community! This stunning home, built in 2020, offers 4 bedrooms, 3.5 bathrooms, and a bonus living space upstairs, perfect for families of all sizes. Step inside to discover a beautifully designed interior with tile flooring throughout the downstairs area and cozy carpeting in the bedrooms. Custom built-in features add a touch of elegance and functionality, including a mud wall at the entrance, a built-in wall in the den, a custom drop zone from the garage, and plenty of built-in storage. The downstairs master bedroom features a tray ceiling and a large walk-in closet with built-in organization and drawers. The heart of the home is the gorgeous kitchen, complete with an island, soft-close cabinets, granite countertops, and a convenient butler bar just outside of the pantry. Enjoy cozy evenings in the living room with a custom electric fireplace wall with built-in shelves for hidden storage. Upstairs, you’ll find another large custom built-in entertainment center with lighting, perfect for family movie nights. Bedrooms 2 and 3 share a Jack-and-Jill bathroom and each have walk-in closets. Bedroom 4 also has a walk-in closet and is situated next to the third bathroom. The garage is a standout feature with epoxy floors and built-in shelving, providing both durability and ample storage space. Outdoor living is a dream with a screened lanai featuring beautiful pavers, a custom pergola housing a 5-seater hot tub (needs connected), a built-in wood-burning fireplace with seating, and a grilling area spacious enough for multiple grills or additional seating, all set on more of the beautiful pavers that are on the lanai. The serene backyard offers privacy with no rear neighbors. Terra Largo is a luxury, gated community with resort-style amenities, including a zero-entry pool, hot tub, swim lap lanes, playground, basketball court, pickleball court, tennis court, gym, event space, and lake access with a dock. Don’t miss the opportunity to make this dream home yours! Contact me today for a private showing.
You may be able to put down less than the total down payment amount of $287,008 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: #l4946252
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.