10525 LUCAYA DR, Tampa, FL 33647
Discover this beautifully maintained home overlooking serene conservation land with a fenced backyard. No need to worry about the big ticket items as this home offers a newer roof (April 2021) and AC (June 2018). The open floor plan features a downstairs master bedroom with a spacious bath, dual sinks, tub, shower, and a large walk-in closet. The bright living area flows into a well-equipped kitchen with ample counter space, cabinets, and a newly installed backsplash. Enjoy outdoor gatherings on the screened covered lanai with lush greenery views. Upstairs includes four additional bedrooms, a full bath, laundry room, and a huge versatile bonus room. Located in Heritage Isles, enjoy resort-style amenities like a swimming pool, golf course, and gym. Don't feel like cooking? Enjoy Heritage Isles' very own BayScape Bistro where you can grab some food and a drink and sing some karaoke on a Friday night. All within a short distance of your home. Close to A-rated schools, downtown, airports, and Wesley Chapel's shopping and dining. Make this exceptional property your new home!
You may be able to put down less than the total down payment amount of $122,781 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #t3529081