7101 Scenic Pl, Lakeland, FL 33810
3 beds · 2 baths · 1,428 sqft
Welcome to your 3 bedroom, 2 bathroom split plan home nestled in the quiet community of Scenic Hills on the cul-de-sac! This home has numerous updates! Including a NEW Roof in 2024 with a one time transferable 10 year workmanship warranty from Westfall Roofing, a NEW AC in 2024 with a transferable warranty, NEW drainfield in 2022, NEW water heater in 2021, and ALL the windows were replaced in 2010, to include a lifetime warranty! Arriving at the home you'll notice the oversized driveway and landscaped front bed. Entering the home, you'll find the living room/dining room combo with tile flooring and vaulted ceilings. The living room provides a wood burning fireplace for those cozy nights! The dining room also has sliding doors out to your huge enclosed back porch! The adorable kitchen offers plenty of countertop space, and even has a large pantry for storage along with stainless steel appliances. Just off your kitchen, you'll find the indoor laundry room that provides access to the back porch. The primary bedroom, located just off the living area is spacious and includes a walk in closet and an en-suite with a large vanity with plenty of storage and a tiled stand up shower. The remaining two bedrooms are located on the opposite side of the home and are spacious with large closets. They share the hall bath featuring a large, single sink vanity and tub/shower combo with tile surround. The large two car garage offers cabinet storage space and a work bench, along with a separate area at the front of the garage for additional storage or tools. Stepping out your sliding doors in your dining room, you'll find the HUGE 31 X 11 enclosed porch, making this the perfect spot for entertaining family and friends! This home has so much to offer! Schedule your private showing today!
Source: STELLAR #L4949825
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #L4949825
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “Save search” 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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.