7838 Rolling Grove Dr E, Lakeland, FL 33810
4 beds · 2 baths · 1,871 sqft
Welcome home, as you walk through the door you notice the craftsmanship of the wood spiral staircase leading to the second floor bedroom, a private retreat of its own. As well as a rare second floor attic door entry. You will notice right away how well this home has been maintained and cared for. This home has a very large kitchen and dinning room area, the living room has a stone wood burning fire place with sliding glass doors that leads out to the rear patio that is entirely screened in, a great place for entertaining, having a BBQ, or drying off from a swim. The primary bedroom has french doors out to the screened patio as well, two closets for storage, an en-suite will a huge double headed shower, dual sinks, and linen closet. The other 2 bedrooms are very large as well plenty of space for the family all to have privacy. Oversized corner lot with beautiful Florida oaks, as well as a shed for extra storage. Roof 2020, A/C 2019, Exterior painted in 2021, Rear patio pavers and wood decking completed in 2020. Very close to shopping, and easy access to I-4. NO HOA
Source: STELLAR #p4932616
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #p4932616
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: #p4932616
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.