5343 Clay Dr, Lakeland, FL 33813
3 beds · 3 baths · 1,831 sqft
Drastic price slash! No expense has been spared on updating and improving this gorgeous traditional two story home! Just installed beautiful luxury vinyl plank flooring throughout (except carpet in bedrooms), gleaming granite countertops in kitchen, new microwave, remodeled guest bath and so much more! Located in the gated community of Scott Lake West and currently zoned for George Jenkins high school and Highlands Grove Elementary (both A rated). Brick woodburning fireplace in family room that opens to spacious kitchen area with an adjoining breakfast nook with picture window overlooking the private backyard. Downstairs you will also find a 1/2 bath with updated single vanity sink, inside laundry closet and huge storage closet underneath the staircase. Formal living and dining rooms with vaulted ceilings, and French doors leading to screened lanai with ceiling fan that overlooks the large backyard with no backyard neighbors. Upstairs you will find the owner's suite that offers walk-in closet, ceiling fan, dual vanity sinks, garden whirlpool bath and separate shower in bath. Guest bedrooms are ample in size and both feature ceiling fans and wall closets. Great South Lakeland location with wonderful schools and close to all shopping and and amenities! A/C 2020, Roof 2011 . Per HOA, short term rentals ok as long as they follow deed restrictions
Source: STELLAR #l4943447
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #l4943447
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: #l4943447
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.