5865 Ross Creek Rd Lakeland, FL 33810
Your savings
About this home
Motivated Seller! Price Reduced! NEW HVAC in main House. GATED HOMESTEAD with ADU, Pool, Barn, 1+ ACRES - NO HOA + EQUITY! Main house offers 3 bedrooms, 2 bathrooms, a split floor plan, with pocket doors for guest privacy. Relax on your covered front and back porches. RV Carport and garage for the main house with its own gated driveway. ADU/BARN/Welding shop/Workshop! POOL, Security Gates, No HOA, No CDD, and situated on nearly 1 ACRE on a quiet dead-end PAVED road. Zoned agricultural and USDA eligible, bring your goats, chickens, pigs, or even donkeys—this property welcomes them all. Massive 30x40 steel barn/workshop features 110/220 amp service, an air-conditioned office, and ample space for use as a BARN, storage, for car enthusiasts, welding, or operating a home-based business. Additional 8x10 shed is great for storing lawn equipment, plus. A cash-flowing custom framing business is also available for purchase. RV Carport with reinforced footings and metal roof for the on the go enthusiast! ADU has its own separate electric-gated driveway, septic system, water heater, HVAC and a covered carport with an electric screen. A newly constructed (2020) accessory dwelling unit (ADU) serves as a fully functional separate house with an additional 1 bedroom, 1.5 bathrooms, a full kitchen, living/dining combo, inside laundry (washer/dryer included). Both homes can enjoy access separately to the private in-ground pool with a waterfall feature, which can be used as salt or chlorine, plus a covered lanai and firepit for outdoor entertaining. Additional highlights include a fully fenced yard, storage shed, additional working well, and new roofs on both the main home and ADU (2020). This property truly has it all—space, privacy, functionality, and flexibility—all just minutes from I-4, shopping, schools, hospitals, and more. Within an hour of Tampa, MacDill Air Force Base and Orlando for work or play! NEW floor plans/features/updates in documents!1% credit up to $4,000 toward buyer closing costs and prepaids (VA buyers get the lender fee waived, saving them $1,640 extra) when loan is secured through Moises Hall Rate Mortgage, NMLS2299273. VA Assumable option for military 3.375% Interest Rate! Don't miss your opportunity to own this amazing homestead!
Source: STELLAR #FC309625
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.