18115 Leafmore St, Lutz, FL 33548
5 beds · 4 baths · 3,199 sqft sqft
Experience the pinnacle of luxury living in this stunning and unique, NO CDD, 5-bedroom, 4-bathroom home located on a desirable corner lot in the exclusive gated community of The Promenade, minutes to everything, including hospitals, businesses, shopping, restaurants, Tampa International Airport, Veterans Expressway. This exquisite home features a gourmet kitchen with granite countertops, built-in microwave, separate cooktop, and built in wall oven. The owner’s suite offers a custom closet and built-in safe, while the entire home boasts modern conveniences such as an in-wall vacuum system, in wall pest system, water softener and epoxy garage floors in the 3-car garage. Speaking of garages, the 3rd car garage is separated from the 2-car garage, making it convenient for collectibles or recreational equipment The second floor includes a versatile bonus/loft, an additional bedroom, and a full bathroom that includes a well proportioned shower, perfect for guests. What's more? Storage will not be a problem with the under-stair storage room. Outside, experience year-round bliss in the captivating Florida weather within your private gas-heated and salt water pool or unwind under the shelter of the covered lanai as you entertain with your fully equipped outdoor kitchen. A newly installed fence and recently painted exterior and interior complements all that this home has to offer. This exceptional property combines elegance, comfort, and convenience, making it the perfect sanctuary in Promenade.
Source: STELLAR #t3536374
You may be able to put down less than the total down payment amount of $324,644 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #t3536374
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #t3536374
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.