4702 KIMBALL CT W, Lakeland, FL 33813
One or more photo(s) has been virtually staged. GREAT PRICE REDUCTION! The seller is offering five thousand in concessions for either rate buydown or adding a third bathroom (water hook-up has already been installed, just need to add toilet/vanity). Discover your dream home in the heart of South Lakeland, near Lakeland Highlands and Lake Miriam! This stunning 3-bedroom, 2-bathroom residence with an additional bonus room offers a generous 1,830-square-foot living space, perfect for families and entertaining guests. The bonus room can be a home office, den, or guest accommodation. The gourmet kitchen (fully renovated in 2017) boasts an island with granite countertops, crown molding, and stainless steel appliances. The open floor plan seamlessly connects the living, dining, and kitchen areas, creating an ideal space for hosting gatherings. The house features elegant wood plank ceramic tiles throughout, adding a touch of sophistication to the interiors. Step outside to enjoy the beautiful in-ground pool covered by an Enclosure/Lanai, ensuring low maintenance and year-round enjoyment. Additional amenities include a two-car garage with a well-maintained driveway, additional concrete parking space for a boat or RV, a laundry room with water hookups for potential conversion to an extra bathroom, and lush landscaping featuring fruit trees. The property also boasts a brand-new fence, ensuring privacy and security. The home is equipped with an efficient HVAC system installed in 2011, an updated electrical panel from 2018, and a new roof also installed in 2018. The owner has a VA loan that is assumable. Located at 4702 Kimball Ct W, this property offers easy access to the Polk Parkway (ensuring an easy commute to Orlando or Tampa), shopping, restaurants, schools, churches, and the Cleveland Heights Golf Course. No HOA! Don't miss the opportunity to own this beautiful home in a prime location!
You may be able to put down less than the total down payment amount of $149,806 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: #t3546157