7327 BEAUMONT DR, Lakeland, FL 33810
AC 2023, ROOF 2019, SOLAR 2021 & 2023, HOT WATER HEATER 2023, POOL RESURFACED 2023, POOL SALT SYSTEM & VARIABLE SPEED PUMP 2023. Welcome to your dream home! This beautifully updated 3-bedroom, 3-bathroom residence offers a perfect blend of comfort, convenience, and modern living. Situated on a spacious corner lot, this property boasts an additional office, ideal for remote work or creative projects. One of the highlights of this home is the garage-converted mother-in-law suite, complete with a full kitchen and bathroom. It's perfect for extended family, guests, or even as a rental opportunity. Step outside to enjoy the fully fenced-in backyard, where you'll find charming sitting areas perfect for relaxation and gatherings. A storage shed provides ample space for your tools and outdoor equipment. The fully screened-in pool and patio area offer a private oasis, perfect for year-round enjoyment. Dive into the refreshing pool or relax under the covered patio, free from pesky insects. This home is also equipped with solar panels, ensuring energy efficiency and lower utility bills. Whether you're hosting a summer barbecue or enjoying a quiet evening at home, this property offers everything you need. Don't miss the chance to own this exceptional home on a larger corner lot—schedule your private tour today! Garage converted to Mother In Law Suite with full bathroom attached. Can also still be used as a garage with functioning garage door.
You may be able to put down less than the total down payment amount of $194,991 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: #v4938053