137 Franklin Ave Pomona Park, FL 32181
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About this home
No HOA or Deed Restrictions! This spacious 4-bedroom, 2-bath modular home offers 2,280 sqft of comfortable living space, situated on a peaceful 1.41-acre lot in a quiet and safe area. The open floor plan creates a welcoming atmosphere with new waterproof tile flooring in the main living areas, split floor plan, bay windows, skylights and a cozy wood-burning fireplace, perfect for relaxing evenings. Large primary bedroom with an en-suite bathroom and an oversized walk-in closet, providing ample storage and convenience. Outside the partially fenced yard offers plenty of space for outdoor activities or your furry family members. Recent upgrades include a new metal roof & HVAC, ensuring durability and comfort for years to come. The property also boasts new appliances, faucets and two sets of newly installed back porch steps, adding to its modern appeal. As an added bonus the home will also include a 1-year warranty at closing, giving the buyer added protection and peace of mind from day one. Located just 0.6 miles from Broward Lake, 13-miles from Lake George, and 6-miles from Crescent Lake, this home is ideally situated for those who enjoy fishing and outdoor recreation. With Crescent Lake hosting renowned bass fishing tournaments, this property is perfect for anyone seeking a tranquil lifestyle with convenient access to nearby lakes and nature. Schedule your private showing today!
Source: STELLAR #OM692634
Neighborhood
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Close stress-free in 45 days, handled start to finish by Roam.
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FAQs
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.
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.
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.
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.
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 “Save search” 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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.