NO HOA! NO CDD! BRAND NEW ROOF! Situated on an expansive, fully fenced 0.59 acre lot with mature vegetation, this solid concrete BLOCK 3 bedroom, 2 bath, 2 car garage home offers 1,638 square feet of living space and an open floor plan built to last. Located in the highly desirable Lake Charles neighborhood of Lutz, Florida, this home is a true paradise for boaters and fishermen, just minutes from multiple nearby lakes. Enjoy top rated schools, including the Steinbrenner School District, approximately 20 minutes from downtown Tampa, and close proximity to St. Pete and Gulf beaches. The home is filled with natural light from skylights and newer windows throughout. The spacious backyard is ideal for entertaining or relaxing, featuring a covered lanai with a refinished wood deck, a gazebo set on pavers with a TV and outdoor fireplace, and ample storage with a rear shed. A large driveway leads to the two car garage, offering plenty of parking. A full renovation has been completed, including newer windows, flooring, both bathrooms (tile showers, vanities, mirrors, light fixtures, and hardware), and a beautifully updated kitchen with white shaker cabinets, granite countertops, stainless steel appliances, recessed lighting, and a subway tile backsplash. Additional upgrades include fresh interior paint and newer exterior paint, updated lighting throughout, a freshly painted garage, gazebo and pavers installed, and a refinished deck under the lanai, the list goes on! Located just outside Tampa in a premier area known for safety, high demand, and strong desirability, this meticulously maintained property is sure to impress. If you’re looking for a safe, comfortable, and reliable place to call home in a prime location full of opportunity, this is it. Sold as-is. All information is deemed accurate but not guaranteed; measurements and specifications to be verified by the buyer or buyer’s agent. Listing agent has equitable interest. Schedule your showing today and claim your piece of Florida paradise!
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
