6430 SEDGEFORD DR, Lakeland, FL 33811
Move-In Ready Townhouse in Chelsea Oaks Gated Community Discover the perfect blend of convenience and comfort in this move-in ready townhouse, situated in the desirable Chelsea Oaks gated community in South Lakeland. With easy access to I-4, you'll enjoy quick commutes to both Tampa and Orlando, making this an ideal location for busy professionals and families alike. Step inside to an open concept living space that seamlessly connects the kitchen, dining, and living areas, perfect for entertaining and everyday living. The modern kitchen boasts stainless steel appliances, granite countertops, and elegant crown molding, providing a stylish and functional space for all your culinary adventures. A convenient half-bath on the main floor adds to the home's practicality. Upstairs, you’ll find spacious bedrooms and well-appointed bathrooms designed for comfort and relaxation. The primary bedroom offers a peaceful retreat with ample closet space and a luxurious bathroom. Additional bedroom provides plenty of room for family, guests, or a home office. Outside, enjoy your morning coffee on the back patio or take a leisurely walk to the community pool and gym. With lawn maintenance and all exterior included the HOA, you can spend more time enjoying the amenities and less time on upkeep. The attached single-car garage provides added convenience and storage space. Ready for its new owner, this townhome offers a hassle-free lifestyle Conveniently located near Shepherd Road's Publix shopping center, with Walmart and the Polk Parkway just minutes away, this home offers the ideal blend of tranquility and accessibility. Schedule a private tour.
You may be able to put down less than the total down payment amount of $97,059 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: #l4946628