12425 LEANNE DR, Dade City, FL 33525
Located at 12425 Leanne Dr in the tranquil setting of Dade City, this spacious home offers an expansive living experience with 2760 square feet spread across a well-thought-out split bedroom floor plan. The property sits on 1.18 acres, providing ample outdoor space for various activities and a strong connection to nature. Upon entering the home, you'll be captivated by the rustic lodge great room that features a wood-burning fireplace—a focal point of comfort and warmth. The room is designed with exposed wood ceilings and beams, adding to the natural ambiance. A wall of windows floods the space with natural light, enhancing the open, airy feel while providing picturesque views of the surrounding land. The kitchen is both functional and inviting, offering lots of cabinetry, a spacious island with an inset stove, and extensive countertop space, making it ideal for cooking and entertaining. The presence of modern appliances ensures that meal preparation is both convenient and enjoyable. The master bedroom offers plenty of space, including an additional sitting area, a built-in armoire, and a walk-in closet, providing a personal retreat within the home. Secondary bedrooms are generously sized, accommodating guests or family members comfortably. The main bathroom features a rustic look with a tub shower combo, while the master bath includes a shower, catering to varying preferences. The property also boasts a large screen-enclosed back porch, offering the perfect setting for outdoor gatherings or a peaceful evening under the stars without the nuisance of bugs. Adding to its versatility, this property includes an upstairs bonus room that could serve as a fifth bedroom or a home office, further enhancing its usability. Additionally, there is a detached bonus office or workspace, perfect for those who work from home or need a dedicated area for projects and hobbies. In terms of location, the home is ideally situated close to shopping, schools, and hospitals, making daily errands and commutes straightforward. It’s also in close proximity to major interstates, providing easy access to nearby towns such as Dade City, San Antonio, Zephyrhills, and Wesley Chapel. These towns offer a range of amenities and services, ensuring that everything you need is within a short drive. Overall, this property at 12425 Leanne Dr presents a unique blend of rustic charm and modern convenience, set on a generous 1.18-acre plot in a desirable location. It’s a perfect match for those seeking both space and a touch of nature.
You may be able to put down less than the total down payment amount of $233,632 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: #t3552303
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.