940 Fenton Ln Apt 8 Unit 8 Lakeland, FL 33809
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About this home
One or more photo(s) has been virtually staged. Discover your affordable dream townhome in the ideal location! This spacious gem boasts two luxurious primary suites (one on each level), 2 full bathrooms, a versatile loft, and a bonus room. Brand-new roof (2023) and updated AC condenser (2019). Stunning curb appeal with an inviting front porch that is ideal for cozy firepit gatherings or stylish outdoor seating. Step inside to soaring vaulted ceilings that create a bright, open floor plan, with the upstairs loft offering a dramatic overlook. Fresh new flooring and paint throughout the living areas and bedrooms. The downstairs guest suite is a retreat in itself, it is generously sized with a walk-in closet and a private vanity room leading to the fully remodeled guest bathroom featuring sleek, modern finishes. The functional kitchen offers stainless steel appliances, a cozy eat-in nook, and a handy built-in desk, ready for your personal updates while keeping meals flowing smoothly. A flexible bonus room off the back awaits your vision: home office, cozy den, extra lounge, wet bar, or whatever inspires you! Upstairs, the expansive loft creates two distinct living areas and opens to a private balcony with views of the 18-acre Douglas M. Cooke Community Park—complete with playgrounds, walking paths, picnic spots, dog areas, football field, basketball courts, and baseball fields. The oversized primary suite pampers with a walk-in closet featuring custom built-ins, plus an en-suite bath with a built-in vanity and a private shower retreat. Enjoy the benefits of this well-maintained community with a low HOA fee of just $175 per month. Prime convenience: minutes from shopping, dining, and everything you need, plus just 4.7 miles to vibrant Downtown Lakeland where you can stroll along Lake Mirror for sunset swan boat rides, catch a show at the historic Polk Theatre, sip craft brews at Swan Brewing, savor farm-to-table fare at trendy spots like Nineteen61 or The Joinery, shop one-of-a-kind boutiques, enjoy Munn Park concerts and farmers markets, or paddleboard on Lake Morton amid iconic swans. Under 40 minutes to Orlando and under 45 minutes to Tampa for theme parks, international airports, pro sports, and big-city excitement. Your perfect home awaits!
Source: STELLAR #TB8442824
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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.