6477 SEDGEFORD DR, Lakeland, FL 33811
Welcome Home to gated Chelsea Oaks in South Lakeland. This well maintained 2 bedroom, 2.5 bath townhouse has 1368 Ht Sq ft of living area and combines comfort, style, and convenience in a wonderful 2-story layout. This home has an open floor plan and is light and bright - freshly painted in 2021. The first floor features a spacious living area perfect for entertaining, and a modern kitchen with upgraded tall cabinets and granite counters that extend to a large bar. Adjacent to the kitchen, you'll find a generous dining space and sliding doors that lead to a screened-in and private back patio (fenced) with views of a pond and wooded area. A convenient half bathroom and a one-car garage offer additional storage and parking space. Upstairs, both bedrooms have their own en-suite bathroom . The upstairs landing allows for a 5' x'7' space perfect for a work space/computer/study area! The second floor also houses the laundry closet, making laundry a breeze. Chelsea Oaks offers lots of amenities, including a sparkling pool and a fitness center. Whether you're in the mood for a swim or a workout, everything you need is just steps from your door. The modern design and unbeatable location offer the perfect blend of convenience and practicality. Make an appointment today to see this great property which is close to shopping, dining, schools and recreational areas. Easy access to the Polk Parkway or Hwy 60, I4 and all that Florida living has to offer.
You may be able to put down less than the total down payment amount of $72,069 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: #l4945888