780 Shady Ln, Bartow, FL 33830
5 beds · 5 baths · 3,488 sqft
Under contract-accepting backup offers. If space is what you are looking for, look no further! This large, multi-generational home in the family friendly neighborhood of Richland Manor, will satisfy your need for lots of room. The spacious formal living room boasts luxury vinyl plank and is just off of the nicely appointed kitchen/dining room combo allowing for great entertaining possibilities. Luxury vinyl flooring extends to the dining area with access to the huge backyard. Four of the bedrooms have dedicated and nicely updated bathrooms, allowing family or guest to enjoy independence and privacy. Flex space off of the entry could make a great office. **The attached In-Law Suite features its own kitchen, bedroom, full bathroom, living area, and separate entrances.** All will enjoy the huge upstairs bedrooms with their own full bathrooms and access to the large patio with exceptional views of the spacious, fenced backyard. PPA has the home as 5 bedrooms, there is a flex space/den/office with its own bathroom currently being used as a bedroom on the main floor. Take a walk around the corner to enjoy the local Park, Downtown Bartow boasting many shops, cafes and restaurants is just minutes away, as is Publix. Rich in history and culture, Bartow offers the enjoyment of beautiful oak-lined streets, historical homes, the Old Polk County Courthouse, and Mary Holland Park. With area attractions, theme parks, and beaches all just a short drive, this home's location will not disappoint! Call today for your private showing!
Source: STELLAR #p4932633
Source: STELLAR #p4932633
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 30-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: #p4932633
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.