4617 Devon Ave, Lakeland, FL 33813
2 beds · 2 baths · 1,287 sqft
Under contract-accepting backup offers. **ASSUMABLE MORTGAGE with a 4.773% INTEREST RATE, and PRICED BELOW APPRAISAL!!** What an INCREDIBLE financial opportunity!! Situated on a beautifully shaded lot on a dead-end street with NO HOA, this move-in-ready, block-construction home presents an excellent opportunity to own or invest! As you enter the home, you are greeted by an open living area, with soaring vaulted ceilings, a stylish accent wall, and room for a dining area, if needed. Solid flooring (NO CARPETS!), plus recently updated light fixtures, fans, faucets, hardware and door knobs add a touch of tasteful and consistent style throughout. The kitchen has attractive finishes, including wood cabinetry, a tile backsplash and stainless steel appliances, plus an eat-in dinette with decorative wainscoting. If you are in need of an office or flex space, you will love the bonus room at the back of the home, which has ample natural light and endless opportunities for use. The primary bedroom has a walk-in closet and its own en-suite bathroom with dual sinks, granite countertops, and a tiled shower. The remodeled guest bathroom has similar finishes, as well. A lovely screened-in and covered porch overlooks the fully fenced yard, featuring nice landscaping and a shed to store your toys or tools. There is a 1-car garage, driveway and even a paver pad out front for overflow parking, and the exterior curb appeal can be appreciated day or night, thanks to landscape lighting. A newer water heater (2022) and roof (2022), plus a new garage door opener, updated windows and extra insulation collectively add to the comfort and value of owning this wonderful home. With a convenient location, you will appreciate being close to South Florida Avenue and Harden Boulevard, providing easy access to various restaurants, shops and grocery stores. Here you are also just minutes away from the Polk Parkway, making it a breeze to travel or commute to Tampa, Orlando, popular beaches, and nearby attractions. This adorable and affordable home has everything you are looking for, and more!
Source: STELLAR #L4949451
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #L4949451
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.