540 E Lemon St, Bartow, FL 33830
3 beds · 2 baths · 1,738 sqft
Near downtown Bartow! One story, Historic home in downtown Bartow built 1900. This lovely home has 3 Bedrooms, 2 Bathrooms, dining room, eat in kitchen and a study or exercise room. Features in most rooms original hard wood floors and the other flooring is tile or laminate. Modernized for today's convenience. Fenced yard with mature landscaping and a charming small front porch. This 3 bedroom, 2 bathroom home boasts a spacious 1,738 square feet of living space on a quarter-acre lot. Step inside to find a cozy living room with a fireplace, perfect for those chilly winter nights. The kitchen has been updated with newer appliances and Formica countertops, making meal prep a breeze. The two bathrooms have been updated. The master bedroom features a stunning 12-foot ceiling and plenty of natural light, creating a peaceful retreat after a long day. Outside, the fenced yard offers privacy and security for pets and family to play or just enjoy being outdoors. There is a detached garage, room for your RV, boat or extra toys! The historic charm of this home is complemented by modern amenities, creating the perfect blend of old-world elegance and contemporary comfort. Don't miss your chance to own a piece of Bartow's history in this beautiful property. Please make an appointment to see this lovely home today!
Source: STELLAR #l4945275
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #l4945275
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: #l4945275
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.