4829 Colonnades Cir E, Lakeland, FL 33811
2 beds · 2 baths · 1,182 sqft
Welcome to the Colonnades, one of Lakeland's most sought-after 55+ communities. Move right in to this well maintained 2 bedroom 2-bathroom home and enjoy maintenance free living. The home has an open and bright floor plan that features wood laminate in the living room and dining room. The spacious kitchen features a breakfast bar, lots of counter space and plenty of cabinets for storage. The primary bedroom has a large walk-in closet and an open bathroom that features a tub/shower, a water closet and sink with a large counter space. The second bedroom has an attached bathroom that has a custom tiled walk-in shower and a large walk-in closet. An indoor laundry room completes the interior. Enjoy your morning coffee on the front screened lanai that features a tiled floor or change up the scenery and enjoy the evenings on the side, screened lanai right off the dining room. The Colonnades community is known for its beautiful, landscaped grounds, well maintained common areas and gated entry. There are so many great amenities. Enjoy the clubhouse, fitness center, heated pool, spa, shuffleboard courts and monthly planned events to enhance your active lifestyle. You will have easy access to shopping, dining, and medical facilities along with an easy commute to Tampa or Orlando. Don't miss this opportunity for a wonderful home in a beautiful community.
Source: STELLAR #l4947890
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #l4947890
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #l4947890
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.