530 BONNIE DR, Lakeland, FL 33803
One or more photo(s) has been virtually staged. Situated in the beloved Camphor Heights neighborhood, this charming 4 bedroom, 3 bathroom, mid-century POOL home offers a wonderful quality of life in a peaceful, yet convenient setting. Pride of ownership is apparent, with noticeable curb appeal, enhanced by a beautiful paver driveway, crisp brick-style exterior, and lush landscaping - all surrounded by breathtaking tree-lined streets. Upon entering the home, you will be impressed by the gorgeous hardwood flooring that is showcased in the welcoming foyer, living and formal dining areas. A beautifully remodeled kitchen features attractive granite countertops, white cabinets, and stainless-steel appliances. The breakfast bar is useful for both serving and overflow seating, with views that open up to the family room. Quintessential built-ins are a nod to the past in this comfortable space, while crown molding and plantation shutters add modern functionality and style. There is a fantastic bonus room at the back of the home, with French doors that lead to the pool and an en-suite bathroom, perfect for easy access when hosting pool parties and cookouts. This flex space creates endless opportunities for use, as it could serve as a recreational room, home gym, office, play room, or even an area for guests to stay when visiting. The primary suite is comprised of a large bedroom with walk-in closet and an en-suite bathroom. There are three other bedrooms with a third full bathroom on the other side of this split-bedroom home. A covered back patio frames views of the HUGE pool, with a fully fenced yard and mature landscaping, creating a private outdoor retreat. Supplemental storage is available in the shed (with electricity) and the 2-car garage, as well. This home is truly what mid-century style dreams are made of! Its central location on a .27 acre lot with NO HOA, near shopping, parks, restaurants, downtown and the Polk Parkway, make it an incredible opportunity to experience the best of what Lakeland and Central Florida have to offer. This well-maintained, immaculate home is also move-in ready, so you can simply unpack and then kick back to enjoy your outdoor oasis, like you are away from it all!
You may be able to put down less than the total down payment amount of $218,972 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: #l4947390