4323 Trotters Way, Lakeland, FL 33801
5 beds · 3 baths · 3,005 sqft
USDA Financing Available! This home hits the TRIFECTA: Home, Setting, and Location! HOME: This lightly lived-in 3,000 SF home offers all the space you want without any of the extras you don't need! This home features 5 BEDROOMS, LOFT and FLEX space PLUS a spacious family room and kitchen! The kitchen is IDEAL--perfect for meal prep, gathering, and dining with ample white staggered cabinetry, granite counters, a kitchen island with breakfast bar, single basin stainless sink, brushed steel cabinet knobs/pulls and a large walk-in pantry! The PRIMARY suite on the first floor is an impressive 20'x15' retreat with an en-suite featuring: dual sinks, granite counters, cabinetry with doors and drawers, an oversized shower with white subway tile surround, a linen closet, a private toilet area and a walk-in closet. The FOUR additional bedrooms on the second level are generously sized with the additional LOFT space for a sitting/play/office area! SETTING: North-facing with gorgeous water and conservation views to the south, all within walking distance of the community dog area and pool. Step outside of the sliding door & relax outdoors under the covered gazebo to soak in the beauty of Florida's water, birdlife, landscaping and southern sunshine. Other highlights include NEUTRAL colors, TILE in the main living areas, LED lighting, double-paned windows, a separate LAUNDRY ROOM, Wi-Fi Capable Garage Opener, Dual-Zone HVAC and 2" faux wood blinds throughout. Washer, dryer, and all appliances are included! Built in 2023, this Energy-Efficient Home offers low-cost utilities and low cost homeowner's insurance and it's NOT in a Flood Zone. LOCATION: Outdoor lovers will relish nearby Tenoroc for biking, walking, hiking, shooting, horseback riding, paddling, bass fishing, or simply watching wildlife. Plus, HOME is just 1 Mile from the High School and centrally located for easy access to Tampa, Lakeland, Auburndale (with amazing boating options), Winter Haven, and Legoland.
Source: STELLAR #TB8348959
Financials
Source: Public records
Source: STELLAR #TB8348959
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.