4821 Rustic Ct E, Lakeland, FL 33810
3 beds · 2 baths · 1,152 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Under contract-accepting backup offers. **Charming Manufactured Home on a Quarter Acre with Workshop, Shed & New Roof** Welcome to your peaceful retreat in North Lakeland with a brand new roof to be installed before closing! This beautifully maintained manufactured home sits on a spacious quarter-acre lot, offering the perfect blend of country living and convenience. With no HOA, you'll have the freedom to enjoy your property your way. Step inside and immediately appreciate the open floor plan, perfect for entertaining or family living. The kitchen boasts sleek stainless-steel appliances, making cooking a delight. The adjacent laundry room is equipped with a washer and dryer for added convenience. The home features a split plan design with 3 bedrooms, each with its own walk-in closet, offering plenty of storage space. The primary suite offers an ensuite bathroom with a shower. The guest bathroom offers both a shower and a bathtub for added comfort. You'll love the vinyl flooring throughout, with no carpet to worry about—ideal for easy maintenance and keeping things tidy. Outside, the freshly painted front and side wooden decks are perfect for relaxing or entertaining guests while enjoying the natural surroundings. In addition to the charming home, the property includes a large workshop for your hobbies or projects, and a shed for extra storage, ensuring you have ample space for all your needs. Nestled just far enough for a quiet, country lifestyle but conveniently close to all the amenities North Lakeland has to offer, this property truly has it all. Don’t miss out on this incredible opportunity to own a piece of paradise in a prime location. Schedule your showing today!
Source: STELLAR #TB8366269
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #TB8366269
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.