7438 Floral Cir W, Lakeland, FL 33810
4 beds · 3 baths · 2,093 sqft sqft
Welcome to Your Tropical Manor Oasis! Discover comfort and style in this 2,093 sqft gem nestled in a peaceful neighborhood. This 4-bedroom, 2.5-bath home features a versatile split floor plan, a generous lot of 85 x 120, perfect for both relaxing and entertaining. Greeted by a long driveway and lush front yard, you’ll love having a cup of coffee on the charming front porch. Inside, tall ceilings and generous windows bathe the space in natural light, highlighting the large formal dining room, cozy breakfast nook, and spacious eat-in kitchen—ideal for hosting and meal prep. The bright living room with sliding doors opens to a covered back porch, blending indoor and outdoor living seamlessly. At the back left of the home, two bedrooms and a full bath with porch access offer added privacy. The fenced backyard provides ample space for outdoor fun and privacy. Retreat to the master suite with tray ceilings, dual walk-in closets, and a large bath featuring split vanities, a garden tub, separate shower, and private water closet. Enjoy recent updates like a newer roof, stylish vinyl plank flooring, new microwave, and a refreshed secondary bathroom. Everything you need is in close proximity, groceries, shopping, entertainment, medical facilities and more. Don’t miss this rare opportunity for spacious living in a prime location with easy access to Tampa and Orlando. Property is under video and audio surveillance.
Source: STELLAR #o6234704
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6234704
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: #o6234704
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.