7139 Cedarcrest Blvd, Lakeland, FL 33810
4 beds · 2 baths · 1,544 sqft
This single-story home features an excellent layout, ideal for the comfort of the entire family. It consists of four bedrooms and two bathrooms, providing ample spaces for a comfortable and functional family life. The house also has a pleasant garden and a backyard with fruit trees, perfect for enjoying outdoor activities and nature. A notable aspect of this property is the installation of solar panels, which contribute to the efficient consumption of electricity, reducing costs and environmental impact. Lakeland is conveniently located near Orlando, providing easy access to world-famous theme parks such as Walt Disney World, Universal Studios and SeaWorld. This proximity allows residents to enjoy these attractions without having to travel long distances. The city has a variety of shopping centers and stores, offering multiple options for shopping and entertainment. These include the Lakeland Square Mall and Lakeside Village. This city offers a good selection of quality public and private schools, as well as higher education institutions, including the Polk State College campus and Florida Southern College, excellent health services, including the Lakeland Regional Health Medical Center, one of the leading hospitals in the region. Lakeland is home to a wide variety of grocery stores and pharmacies, including well-known chains like Publix, Walmart, and Walgreens, making it convenient for residents to do their daily shopping and access medications. Lakeland is known for its beautiful parks and green spaces, including Hollis Garden, a botanical garden with an impressive collection of plants and flowers. Additionally, Mirror Lake and Lake Hollingsworth Park are popular spots for outdoor activities and sports. This home offers a comfortable and efficient living space, but it is also located in a city that provides a wide variety of amenities and attractions, making Lakeland an ideal place to call home.
Source: STELLAR #s5107390
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #s5107390
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: #s5107390
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.