4240 Prima Lago Dr, Lakeland, FL 33810
4 beds · 3 baths · 2,624 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to Your Dream Home! Nestled in the exclusive, gated community of Terralargo, this smart home offers everything you need for modern living with a perfect blend of comfort, convenience, and luxury. Featuring 4 generously spacious bedrooms and 2.5 bathrooms, the master suite is conveniently located downstairs for enhanced privacy, featuring an expansive layout complete with a large bonus room inside—ideal for a private office, sitting area, or nursery, all conveniently located in your master bedroom. Upstairs, you’ll find three beautifully designed bedrooms, each offering ample space, walk in closets, and natural light. As you step into the heart of the home, the open-concept invites a seamless flow between living, dining, and kitchen spaces, creating an entertainer’s paradise. This great room serves as the heart of the home, where everyone can gather while the chef prepares meals in the well-appointed kitchen. The kitchen showcases all stainless steel appliances and a stunning granite island with additional cabinet space and bar seating, all seamlessly connecting to the dining area for effortless dining experiences. Upstairs, you’ll discover a generous media room—the ideal space for family fun, games, or movie nights. With no rear neighbors, enjoy added privacy and tranquility in your fully fenced backyard oasis. The Terralargo community is truly a resort-style retreat, offering a clubhouse, a fitness center, and a zero-depth entry pool. The covered playground, street lighting, and sidewalks add to the charm, while the luxurious lush landscaping creates an inviting atmosphere. Conveniently located near top-rated schools, the YMCA, shopping, dining, and entertainment, this home is also just moments away from I-4, making commutes to Tampa (30 miles) or Orlando (50 miles) a breeze. Whether you're visiting Walt Disney World, Universal Studios, SeaWorld, or Busch Gardens, endless entertainment options are at your fingertips.
Source: STELLAR #TB8369174
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #TB8369174
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.