2137 Grand Cypress Dr Lakeland, FL 33810
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About this home
Welcome to one of the largest homes in the highly sought-after Highland Fairways 55+ community in North Lakeland, boasting over 1,800 square feet of living space, this beautifully maintained 3-bedroom, 2-bath residence offers a bright, open layout with soaring vaulted ceilings, updated luxury vinyl plank flooring, and a newer roof for added peace of mind. The spacious kitchen is perfect for entertaining, featuring sleek granite countertops, ample cabinetry, and a functional design that flows seamlessly into the dining and living areas, all filled with natural light. Set on a quiet, well-kept street, this move-in-ready home provides the perfect blend of comfort, space, and convenience. Highland Fairways is a gated, golf course community designed for active adults, offering a wealth of amenities including an 18-hole executive golf course, heated pool and spa, tennis and pickleball courts, fitness center, and a vibrant clubhouse with year-round social events and activities. Lawn maintenance is included in the HOA, making for truly carefree living. Centrally located in Lakeland, residents enjoy quick access to top-rated medical facilities, major grocery stores, pharmacies, restaurants, and retail centers such as Lakeland Park Centre Mall, Lakeland Square Mall, and Lakeside Village . Entertainment options abound with nearby movie theaters, parks, and easy access to I-4, offering a convenient drive to both Tampa and Orlando. Whether you're looking for relaxation or an active lifestyle, this home and community have it all. Don't miss this rare opportunity to own a spacious, updated home in one of Lakeland’s premier 55+ communities—schedule your showing today!
Source: STELLAR #B4902076
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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.