1166 Lumsden Trace Cir, Valrico, FL 33594
4 beds · 3 baths · 2,514 sqft
WOW!! Hurry and don't miss this great new price! $555,500 for this delightful 4-bedroom, 3-bathroom pool home offering 2,514 square feet of comfortable living space. Nestled in the serene neighborhood of Lumsden Trace, this unique home has the perfect layout for larger families or those needing that multi-generational space! And no back door neighbors to this beauty! Key Features: Spacious Layout: This open floor plan is the absolute best for entertaining guests and creates an inviting atmosphere for gatherings and daily living. In addition to this open family room area there's a formal dining room and a formal living room, or that extra space for a home office! The 2nd bedroom is a two-room combo perfect for that in-law suite or your teen's retreat! Gourmet Kitchen: Equipped with brand new SS appliances, new quartz countertops, new large SS undermount sink, ample counter space, breakfast bar, and a convenient eat-in breakfast area. Private Pool: Step outside to your own oasis—an expansive screened-in pool area perfect for relaxation and entertaining, offering a refreshing escape during warm Florida days. Master Suite: The huge master bedroom features an en-suite bathroom with a soaking tub, separate shower, dual vanities, his and her walk-in-closets with built-ins and a bonus sitting area! A true luxurious retreat! Three-Car Garage: A spacious three-car garage offers ample storage and parking space. Additional Highlights: New tankless hot water heater, new HVAC, a whole house water softener, AC unit in the garage and a whole lot more! This property is a perfect blend of comfort and convenience, ideal for those seeking a family-friendly home in a tranquil setting amongst majestical grandfather oaks. Don't miss the opportunity to call 1166 Lumsden Trace Circle your new home!
Source: STELLAR #TB8354709
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
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We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #TB8354709
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.